Why is it popular notion at the moment that parents enjoy to store money for their children's college educations?
My parents didn't pay for mine nor for any of my 5 brothers. My husband's parents didn't pay for his either. And my parents' parents didn't settle up for their educations. So why in every financial article with parents as the intended audience, one of the big "have-to's" given is saving for your child's training? I think people who pay for their own lessons tend to take it a bit more seriously and put more effort into it so as not to waste their own money.
I don't think that kids who own their education paid for by their parents take college any smaller quantity or more seriously *as a whole.* We all make individual choices.
But - while I agree that in your favour for a child's education is a great thing to do, I don't think the world will wind up if we don't do it. I and my husband paid for our own schooling, and so did our parents. I think it's great to strive to save money for conservatory, but some of us simply can't afford it and I don't think that will be the detriment of our children in the long run.
I both agree and disagree with you. Many, many kids who did not enjoy to pay their way through college took it seriously and got angelic grades. Many other kids did not take it seriously and still graduated. Others just blew it rotten.
In my family, I was the one who graduated on the dot with high grades. I was the lone one who paid my way through college. As much as it annoys me still, I also realize that most people don't screw around close to my siblings did. Eventually, all but one graduated, but I would be foolish to assume everybody's family is approaching that. I don't let my personal sour grapes ruin my judgement. It is far better to save for your child's education, if solitary to pay for part, than to not do so. I would have be FAR better off graduating at 22 or 23 than starting college at that age as I did.
I agree. Especially when we're just able to keep our heads above marine, at the moment; we don't have money to save! If we did, it wouldn't be for that!
They can get loans, approaching most people, or a scholarship, like the rest... As far as I'm concerned, their background, once they're over the age of 18, is their own responsibility. Source(s): Married, with 4 kids.
I don't necessarily reflect on it's a "must" to save for your childrens college educations. Parents just want to make it easier on their kids and provide for them the money that will be needed to dance to college. Personally, my fiancee and I are saving for our daughter's college educations, but we will not pay the entire college tuition. We'll save $20/month per child and doesn`t matter what is raked up by the time they go to college will be given to them to use as some of tuition.
I don't think its a must, I paid for my own. However if the parents can afford it I reflect on it's a very smart thing to do. For example, I think if you can afford a private teaching for grade school and high university that that money would be better off being saved for their college childhood and they should take advantage of public education. I simply think college is more important than a private education and if a parent can afford that they should attempt to put their child through college. Like cousin be in a private school her whole existence and now she can't get herself through college and her parents can't afford to help. I have an idea that that's just being responsible. Who knows what this discount has in mind for when its time for our kids to go to college? I'll collect what I can for my daughter as for the rest she's on her own.
And I may be the only one but I have to disagree with the reality that students that have their educations pays for doesn't take it seriously. At my school these kids other took it more seriously because they had their parents down their backs, checking their grades and making sure they were going to their classes. I know the other track around many students looked at the loans as "free money" and messed up so now they have double the debt.
I'll start off by axiom that I'm 14 and I will be paying for my own college education. I think that's the way it should be for the exact apology that you mentioned. If we pay for our own education, we'll take it more seriously. It's like as buying a car. If your parents buy it, you won't take care of it as much as you would if you bought it yourself.
Because in this day and age it is nearly impossible to support yourself and shift to college. It CAN be done, and big kudos to all who did it, but it is HARD. Your education is limited to what you can afford as powerfully. Its not the same world as it was a generation or two ago.
My parents one and only paid for one term of college for my education, they couldnt afford more. and I get it bit by bit over YEARS and still didn't get to finish it. I wasn't living at home see, and had bills to pay.
My husband get told to move out. so he had to support himself. He found an ok job but after marriage, 2 kids, and me becoming disabled he have to go back to school to grasp a better paying job. Now we are struggling to keep our electricity on and taking out loans to get the lessons he needs.
Seems to me, either you can HELP your children with their instruction, or let them live with you till they get it done, or you can shove them out into the world beside no help, no education, and no hope and see them knocked up (or knowing up) working at McDonalds and living contained by lowincome housing with who knows who. Such is the times.
My parents didn't pay for my college any and I have the $40,000 in student loan debt to prove it. I don't have the money to store for my daughter to go to college. I just hope that I'm still poor enough so that she can take lots of financial aid and that she's smart enough to get lots of scholarships when that time comes.
The idea is to supplement the cost of higher education. The cost of lessons have increased dramatically as well as the cost of living. It is becoming increasingly more difficult for a person to do it on their own. Don't you want whats best for you child?
I agree with you. I have no intentions of paying my children's college either. My parents and husbands parents didn't reward for ours and we made it. We worked hard for scholarships and part time job and we took pride in our education and didn't spend our time at college getting drunk and flunking out.
I think college is the first step to grown hood and how can you be an adult if you mommy is paying your bills?
We think saving for retirement is a much better use of our extra money.
expurgate: I have a savings account for my daughter and whenver she get money for Christmas or birthdays I put half in the account and the wife she gets to spend. Every Christmas and birthday I put in 10 bucks. There's not much but once shes of age she can use it as she sees fit.
Growing up I other knew my parents wouldn't pay for college so I worked my butt off within high school to get scholarships- same for my husband. My husband graduate valedvictorian and a year later I was the saluatorian. All of his school be paid and we had to pay for partially of my graduate school. If my kids work their butts off during high university and save all they can but they just can't attain scholarhips and it meant they wouldn't be going to school I would pay for some of their expenses for community college while they worked to liberate for the rest and I would ask they pay me back. I just consistency it teaches responsibilty and how to be an adult and that nothing is an entitlement.
Because we want to give our children a better start than we had
my house, my kids, my rules. I will make sure my children get to college. I will show them how to apply for grant, loans, scholarships, I will mortgage my house if necessary. Why? It is my job and I get the impression they ARE entitled to it. As a parent I will provide for my child in their need, they will appreciate it whether they pay for it or I do. Not adjectives kids are ungrateful little heathens.
I will say I am 26 yrs old and I'm a Junior in College starting this Aug. I didn't start college until i be 24yrs old. I think that if my mother had made some sort of college stash for me I would've gotten to college like mad sooner, instead of getting trapped in the workforce for 6yrs in dead ending jobs.
Scholarships and grants don't pay for everything. I am married and hold a son and until this May my husband was in college as well. We can't and budge to college because we started so late and the prices here are enormous for everything and even with both of our scholarship and grants total we wouldn't be able to pay for our own place and bills(this includes on campus residence). There would be no opening we would make it. I don't think that life should be approaching that.
I want to give our son what we never had, which is a chance to truly make it. We're not setting up a college fund to just hand everything over to him and completely money for his college education but we're going to set something up for him so that he'll be allotted so much money a month for necessities like food and toiletries. That little extra money would help latter on down the line which will eliminate the whole, "hey mom/dad i stipulation some extra money".
I don't consider it's a "have-to" but, rather, a personal choice.
My parents paid for mine (and I paid for my books) and I plan on doing like for my children. Source(s): Saving for retirement too ; )
Answers: I agree that kids who enjoy to pay for there own education probably give somebody a lift it a little more serious, but that also depends on the child. My parents didn't save or have satisfactory to send me to collage, but made to much for me to get help any. Generally speaking, Its a good idea to put back some for your kids any way. My parents made a deal with me that if I come up with half they would take precision of the other half, so I had some invested but didn't have to struggle or jump completely in debt to go to school. Also when its done that opening they don't play and wish-wash on choosing a major b/c its costing them also.
Generally parents want better for their kids than they had themselves. My parents couldn't afford to put me thru arts school, and I didn't even want to go anyway at the time (and I do pretty well for not going to college!).
I'm setting up a "college fund" but honestly the prospect of actually funding an entire nurture is completely unattainable at our level of finances right now. If anything it'll help to frustrate the cost of books and other supplies. Basically, it's an account that will be hers to use as she sees fit either for instruction, or a car, or help with an apartment, once she former students high school. Kind of a gift. We'll predictable be lucky if we get a grand or two in in attendance, but it's SOMETHING.
Stipulation -- if she drops out of high school she will only catch it if she gets a GED. Otherwise, it stays with my hubby and I as a rainy sunshine fund! Education is very important to me, and she should at the very lowest graduate high school like her father and I did. Source(s): 31 weeks pregnant next to first
Because they feel their children are entilted to it.
That's great for them. But when they hold no money to retire on, they will be kicking themselves.
My husband and I will give our kids a roof over their heads and food to eat as long as they are surrounded by college. But we can't afford to go broke to pay over $60,000 for each of our kids to move about to college. Otherwise we have nothing to live off of when we retire.
There are grant, scholarships, and student loans. Our kids can utilize those resources. I'm sorry but I'm not going to go broke to pay for college for my kids unless they are going to agree to us live with them when we retire.
Besides, to have them pay for their own expenses teach them the adult responsibility of financing their money to make it last. I presume that's a plus to having your kids pay for their own education.
I agree with you. Mine did not pay for mine either. Student loans and working full time get me though all on my own. I was not living at home during that time either. Currently do not own a savings plan for my kids, but will be more than happy to help them out if I can when the time arises, but I expect them to work for it as ably.
ETA:
You know what? I moved 1000 miles away from my parents to a state where in-state tuition at a TOP 10 public university was actually affordable (it be NOT affordable in my home state, even at a public university). I made that choice so I could get an education, and afford to payment for it. We all make choices in natural life, and it bothers me that anyone would complain that "oohhh, it is sooo hard." Welll, BOO HOO! Sometimes life ain't easy. Get over it, and do what you can to construct a better life for yourself.
I am 22 and my parents salaried for my first year, I paid after that. Now I'm pregnant and we're not planning make this a huge priority. However, we are in over our come first in school loans and that is not something I will on our kids. So, our plan is to try to save for their first two years at the local community college (which is low cost) and they can pay for the remaining two years if they decide to verbs. That would definitely help them out without putting us contained by a financial strain.
My parents didn’t really pay for mine but they DID co-sign on my loans. Which I’m 27 yrs elderly with a college degree and STILL paying off.
Wouldn’t energy be better if it was paid for up front? Without the hassle of loans and co-signing and breaking the bank only to go to college?
I know I’ll be planning better for my son. He’s 2.5 yrs old and I’m doing my best to save money NOW to lend a hand him in college later. Why? Because I don’t want him stuck with the student loan debt that I am currently stuck near.
My sister? She’s got a Master’s and she has loans out her *** that she’ll be paying off for eternity.
I guess you’re living in a dream world if you think people are going to enjoy the cash to pay their entire way through college. Times are tough these days. I just know for me, I don’t want my son to experience what I’m going through right now. So I’ll save what I can to relief contribute. Why? Because I want my son to have a good education minus the massive debt to go along with it.
I went to college full time. Lived surrounded by the dorms eating as cheap as I could. Did NOT drink my way and party or SLEEP my path through college. I never had a chance to breathe actually because I be also a waitress trying to make money.
I do agree near everything you said, except am concerned about the question of what those costs might be in the adjectives, and if there is an amazing opportunity at a top school, would want savings to be capable of back that. We have our savings structured within other tax advantagous ways, but also by putting your money in a 529,that could also say to some parents, that they are serious in the order of their kids going to school, and they as parents, may also step it up then too.
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I don't think that kids who own their education paid for by their parents take college any smaller quantity or more seriously *as a whole.* We all make individual choices.
But - while I agree that in your favour for a child's education is a great thing to do, I don't think the world will wind up if we don't do it. I and my husband paid for our own schooling, and so did our parents. I think it's great to strive to save money for conservatory, but some of us simply can't afford it and I don't think that will be the detriment of our children in the long run.
I both agree and disagree with you. Many, many kids who did not enjoy to pay their way through college took it seriously and got angelic grades. Many other kids did not take it seriously and still graduated. Others just blew it rotten.
In my family, I was the one who graduated on the dot with high grades. I was the lone one who paid my way through college. As much as it annoys me still, I also realize that most people don't screw around close to my siblings did. Eventually, all but one graduated, but I would be foolish to assume everybody's family is approaching that. I don't let my personal sour grapes ruin my judgement. It is far better to save for your child's education, if solitary to pay for part, than to not do so. I would have be FAR better off graduating at 22 or 23 than starting college at that age as I did.
I agree. Especially when we're just able to keep our heads above marine, at the moment; we don't have money to save! If we did, it wouldn't be for that!
They can get loans, approaching most people, or a scholarship, like the rest... As far as I'm concerned, their background, once they're over the age of 18, is their own responsibility. Source(s): Married, with 4 kids.
I don't necessarily reflect on it's a "must" to save for your childrens college educations. Parents just want to make it easier on their kids and provide for them the money that will be needed to dance to college. Personally, my fiancee and I are saving for our daughter's college educations, but we will not pay the entire college tuition. We'll save $20/month per child and doesn`t matter what is raked up by the time they go to college will be given to them to use as some of tuition.
I don't think its a must, I paid for my own. However if the parents can afford it I reflect on it's a very smart thing to do. For example, I think if you can afford a private teaching for grade school and high university that that money would be better off being saved for their college childhood and they should take advantage of public education. I simply think college is more important than a private education and if a parent can afford that they should attempt to put their child through college. Like cousin be in a private school her whole existence and now she can't get herself through college and her parents can't afford to help. I have an idea that that's just being responsible. Who knows what this discount has in mind for when its time for our kids to go to college? I'll collect what I can for my daughter as for the rest she's on her own.
And I may be the only one but I have to disagree with the reality that students that have their educations pays for doesn't take it seriously. At my school these kids other took it more seriously because they had their parents down their backs, checking their grades and making sure they were going to their classes. I know the other track around many students looked at the loans as "free money" and messed up so now they have double the debt.
I'll start off by axiom that I'm 14 and I will be paying for my own college education. I think that's the way it should be for the exact apology that you mentioned. If we pay for our own education, we'll take it more seriously. It's like as buying a car. If your parents buy it, you won't take care of it as much as you would if you bought it yourself.
Because in this day and age it is nearly impossible to support yourself and shift to college. It CAN be done, and big kudos to all who did it, but it is HARD. Your education is limited to what you can afford as powerfully. Its not the same world as it was a generation or two ago.
My parents one and only paid for one term of college for my education, they couldnt afford more. and I get it bit by bit over YEARS and still didn't get to finish it. I wasn't living at home see, and had bills to pay.
My husband get told to move out. so he had to support himself. He found an ok job but after marriage, 2 kids, and me becoming disabled he have to go back to school to grasp a better paying job. Now we are struggling to keep our electricity on and taking out loans to get the lessons he needs.
Seems to me, either you can HELP your children with their instruction, or let them live with you till they get it done, or you can shove them out into the world beside no help, no education, and no hope and see them knocked up (or knowing up) working at McDonalds and living contained by lowincome housing with who knows who. Such is the times.
My parents didn't pay for my college any and I have the $40,000 in student loan debt to prove it. I don't have the money to store for my daughter to go to college. I just hope that I'm still poor enough so that she can take lots of financial aid and that she's smart enough to get lots of scholarships when that time comes.
The idea is to supplement the cost of higher education. The cost of lessons have increased dramatically as well as the cost of living. It is becoming increasingly more difficult for a person to do it on their own. Don't you want whats best for you child?
I agree with you. I have no intentions of paying my children's college either. My parents and husbands parents didn't reward for ours and we made it. We worked hard for scholarships and part time job and we took pride in our education and didn't spend our time at college getting drunk and flunking out.
I think college is the first step to grown hood and how can you be an adult if you mommy is paying your bills?
We think saving for retirement is a much better use of our extra money.
expurgate: I have a savings account for my daughter and whenver she get money for Christmas or birthdays I put half in the account and the wife she gets to spend. Every Christmas and birthday I put in 10 bucks. There's not much but once shes of age she can use it as she sees fit.
Growing up I other knew my parents wouldn't pay for college so I worked my butt off within high school to get scholarships- same for my husband. My husband graduate valedvictorian and a year later I was the saluatorian. All of his school be paid and we had to pay for partially of my graduate school. If my kids work their butts off during high university and save all they can but they just can't attain scholarhips and it meant they wouldn't be going to school I would pay for some of their expenses for community college while they worked to liberate for the rest and I would ask they pay me back. I just consistency it teaches responsibilty and how to be an adult and that nothing is an entitlement.
Because we want to give our children a better start than we had
my house, my kids, my rules. I will make sure my children get to college. I will show them how to apply for grant, loans, scholarships, I will mortgage my house if necessary. Why? It is my job and I get the impression they ARE entitled to it. As a parent I will provide for my child in their need, they will appreciate it whether they pay for it or I do. Not adjectives kids are ungrateful little heathens.
I will say I am 26 yrs old and I'm a Junior in College starting this Aug. I didn't start college until i be 24yrs old. I think that if my mother had made some sort of college stash for me I would've gotten to college like mad sooner, instead of getting trapped in the workforce for 6yrs in dead ending jobs.
Scholarships and grants don't pay for everything. I am married and hold a son and until this May my husband was in college as well. We can't and budge to college because we started so late and the prices here are enormous for everything and even with both of our scholarship and grants total we wouldn't be able to pay for our own place and bills(this includes on campus residence). There would be no opening we would make it. I don't think that life should be approaching that.
I want to give our son what we never had, which is a chance to truly make it. We're not setting up a college fund to just hand everything over to him and completely money for his college education but we're going to set something up for him so that he'll be allotted so much money a month for necessities like food and toiletries. That little extra money would help latter on down the line which will eliminate the whole, "hey mom/dad i stipulation some extra money".
I don't consider it's a "have-to" but, rather, a personal choice.
My parents paid for mine (and I paid for my books) and I plan on doing like for my children. Source(s): Saving for retirement too ; )
Answers: I agree that kids who enjoy to pay for there own education probably give somebody a lift it a little more serious, but that also depends on the child. My parents didn't save or have satisfactory to send me to collage, but made to much for me to get help any. Generally speaking, Its a good idea to put back some for your kids any way. My parents made a deal with me that if I come up with half they would take precision of the other half, so I had some invested but didn't have to struggle or jump completely in debt to go to school. Also when its done that opening they don't play and wish-wash on choosing a major b/c its costing them also.
Generally parents want better for their kids than they had themselves. My parents couldn't afford to put me thru arts school, and I didn't even want to go anyway at the time (and I do pretty well for not going to college!).
I'm setting up a "college fund" but honestly the prospect of actually funding an entire nurture is completely unattainable at our level of finances right now. If anything it'll help to frustrate the cost of books and other supplies. Basically, it's an account that will be hers to use as she sees fit either for instruction, or a car, or help with an apartment, once she former students high school. Kind of a gift. We'll predictable be lucky if we get a grand or two in in attendance, but it's SOMETHING.
Stipulation -- if she drops out of high school she will only catch it if she gets a GED. Otherwise, it stays with my hubby and I as a rainy sunshine fund! Education is very important to me, and she should at the very lowest graduate high school like her father and I did. Source(s): 31 weeks pregnant next to first
Because they feel their children are entilted to it.
That's great for them. But when they hold no money to retire on, they will be kicking themselves.
My husband and I will give our kids a roof over their heads and food to eat as long as they are surrounded by college. But we can't afford to go broke to pay over $60,000 for each of our kids to move about to college. Otherwise we have nothing to live off of when we retire.
There are grant, scholarships, and student loans. Our kids can utilize those resources. I'm sorry but I'm not going to go broke to pay for college for my kids unless they are going to agree to us live with them when we retire.
Besides, to have them pay for their own expenses teach them the adult responsibility of financing their money to make it last. I presume that's a plus to having your kids pay for their own education.
I agree with you. Mine did not pay for mine either. Student loans and working full time get me though all on my own. I was not living at home during that time either. Currently do not own a savings plan for my kids, but will be more than happy to help them out if I can when the time arises, but I expect them to work for it as ably.
ETA:
You know what? I moved 1000 miles away from my parents to a state where in-state tuition at a TOP 10 public university was actually affordable (it be NOT affordable in my home state, even at a public university). I made that choice so I could get an education, and afford to payment for it. We all make choices in natural life, and it bothers me that anyone would complain that "oohhh, it is sooo hard." Welll, BOO HOO! Sometimes life ain't easy. Get over it, and do what you can to construct a better life for yourself.
I am 22 and my parents salaried for my first year, I paid after that. Now I'm pregnant and we're not planning make this a huge priority. However, we are in over our come first in school loans and that is not something I will on our kids. So, our plan is to try to save for their first two years at the local community college (which is low cost) and they can pay for the remaining two years if they decide to verbs. That would definitely help them out without putting us contained by a financial strain.
My parents didn’t really pay for mine but they DID co-sign on my loans. Which I’m 27 yrs elderly with a college degree and STILL paying off.
Wouldn’t energy be better if it was paid for up front? Without the hassle of loans and co-signing and breaking the bank only to go to college?
I know I’ll be planning better for my son. He’s 2.5 yrs old and I’m doing my best to save money NOW to lend a hand him in college later. Why? Because I don’t want him stuck with the student loan debt that I am currently stuck near.
My sister? She’s got a Master’s and she has loans out her *** that she’ll be paying off for eternity.
I guess you’re living in a dream world if you think people are going to enjoy the cash to pay their entire way through college. Times are tough these days. I just know for me, I don’t want my son to experience what I’m going through right now. So I’ll save what I can to relief contribute. Why? Because I want my son to have a good education minus the massive debt to go along with it.
I went to college full time. Lived surrounded by the dorms eating as cheap as I could. Did NOT drink my way and party or SLEEP my path through college. I never had a chance to breathe actually because I be also a waitress trying to make money.
I do agree near everything you said, except am concerned about the question of what those costs might be in the adjectives, and if there is an amazing opportunity at a top school, would want savings to be capable of back that. We have our savings structured within other tax advantagous ways, but also by putting your money in a 529,that could also say to some parents, that they are serious in the order of their kids going to school, and they as parents, may also step it up then too.
Related Questions: