Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (78) | Ignore Thread Prev | Next
Author: whyohwhyoh Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5068  
Subject: Re: FIRE Status - Update Date: 6/6/2007 3:46 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
If they know mom and dad are footing a 100k bill to goof off in college for 4-6 years, they are more likely to delay making the tough decisions about what their talents and interests are. In addition, they will tend to see college exclusively as a life experience instead of what it is supposed to be. That is, a combo of life experience, education and career prep.


Well stated. I have no issue and plan to save money for my kids' college educations, but I plan to make no promises. My parents (4 of them) paid for my undergrad, and I paid for graduate school so I feel some duty to help out my kids. However, when I completed my undergrad I worked hard to minimize costs for my parents by completing as many credits as possible in local community colleges during the summers, and working odd jobs to pay for misc expenses, car, food, books, etc.

I didn't mean to come across harsh in my comment, but worst case, the kids have to borrow to go to a local state school or borrow some portion of it. College costs vary from school to school. Here in California a state 4 year university costs $3300 per year plus your books. I believe in my home city of Houston, UofH is even cheaper. Most kids can then work to pay for their own room and board and misc. expenses.

--
whyohwhyoh
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (78) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

Intel's Broadwell Potential
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement