The fantasies of 17 y/o kids are a lot of airbrushing away from the reality they are likely to encounter or best off finding.
Posted on 12/18/2016 11:27:48 AM PST by CorporateStepsister
We sat down across the table from each other and I saw the two pieces of paper: my college bills created by my father. Dad slid the first one across the table, calmly stating this would be the amount I’d owe if I went to College A. Then he slid the second paper across explaining and this is what I’d need to pay for College B. The first bill said $80,000. The second said $0.
Sounds like a no-brainer – but keep in mind I was a 17-year-old who fantasized about a very specific type of college experience. I immediately began to argue about the injustice of my parents refusing to pay for my college education in full, especially when everyone else (that being my fellow entitled expatriate children) got to go to college on the Bank of Mom and Dad.
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The fantasies of 17 y/o kids are a lot of airbrushing away from the reality they are likely to encounter or best off finding.
It’s a wonder they can even “think” at all
So true, so true. A lot of kids waste years at college, unfocused and undisciplined. If they do succeed at getting a degree many years later, they can't find work in that field for various reasons, mostly because it's a meaningless degree. Some kids make a career out of attending college, spending more than ten years there for a four-year degree. I've seen this with relatives and friend's kids. As for my kids, I'm proud to say they had enough credits at three years to graduate but I made them stay four years; they couldn't wait to get out and hit the job market.
The student does. This is true no matter what the circumstances.
I believe college students should take out loans and pay for their education because it’s an incentive to do well.
I see nothing wrong with a parent stepping in to pay for it if they can afford it but on two conditions: The kid still takes out the loan in his or her name and if they graduate on time with a 3.0 or better average then let the parent take care of it if they can.
The student fails.. they own it.
How people arrange their private, personal financial affairs is not anybody else’s business provided it’s within the law.
All college loans should be originated by the institution of higher learning to be attended, though, in my opinion, and dischargeable in bankruptcy.
Put them on the hook for their flimsy diploma mill scams and graduates that can’t even get a job, not the American public.
YES! YES! YES! YES! YES! YES! No one should pay but the child.
But why do you think you should?
If they are 18 years old, they are not children.
The only way a kid can pay their own way is going the Community College route. Once they transfer to a University it is impossible, even if they live at home. When I went to school it was 2500 a year. Same state school for my kids 23 yrs later is 6000 a semester before books. Is it realistic to think they are going work 1200 hrs a year and go full time?
Easily with room and board.
Not impossible but hard. My granddaughter who has chosen to pay for most of her graduate degree is doing it. She works 20 hours a week, does Practicum 21 hours a week and has 15 hours and all the homework that goes along with it.
She has a job that pays $22 an hour not many students can get that kind of job.
She also lives in a 4 bedroom home that belongs to her parents and only pays $200 a month plus 1/4 of the utilities and food because she has 3 housemates.
That said, if parents are willing and able to help their kid pay for college, whatever. To each his own.
they can get loans. College is a privilege it’s not a right. It’s not in the Constitution.
Not state colleges in NYS.
That’s the cost of private college expense.
I agree. Still doesn’t mean parents should be paying for their adult children’s education.
.
“Not state colleges in NYS.”
That’s if you must go to a school in the SUNY system.
But even that, a SUNY school will cost at least $20,000 per year and that is cheap for a state school, but New York is a socialistic state and the tax payers chip in a big chunk of cash to run SUNY schools.
Public universities in states that are not quite as socialist as New York have tuition and expenses that are quite a bit more expensive.
University of Michigan is $30,000.00 per year.
University of Texas is upwards of $25,000.00 per year
UC Berkeley is at least $30,000.00 per year.
Texas A&M cost $27,000.00 per year
So yes, working your way through college today not as easy as it one was and almost impossible today.
“Not impossible but hard. My granddaughter who has chosen to pay for most of her graduate degree is doing it. She works 20 hours a week, does” Practicum 21 hours a week and has 15 hours and all the homework that goes along with it.
She has a job that pays $22 an hour not many students can get that kind of job.
She also lives in a 4 bedroom home that belongs to her parents and only pays $200 a month plus 1/4 of the utilities and food because she has 3 housemates.”
That is quite amazing!
If your granddaughter earns $22.00 and hour for her 20 hour per week job, she is grossing $22,880 per year and after taxes she will net $16,000.
She gets a great deal on rent, but after rent she has $13,600.00 and that is before utilities, food, medical expenses.
Tuition and fees for the cheapest public schools in the country are $20,000.00 per year.
If you are asking should parents pay? I’m non-committal. I believe if parents have the money and choose to help, they may.
We are helping our kids with loans which they will pay back. Same with cars they buy. My two children college age kids are paying their way for the most part.
It’s important for students to attach a cost to their education.
The really stupid thing is that a kid is not considered emancipated until they are 23 or something. So if they live completely on their own as my daughter does, if she wants financial aid, they look at my income. I’m solidly middle class income but due to an inheritance, we’ve got a decent retirement account which lowers their chances of getting financial aid. In her case, she even lives in a different state than we do.
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