Quote:
Originally Posted by Chiefspants
My parents college fund for me dried up in the first quarter of college. I felt fortunate that they agreed to cover half of my 5 year stretch at KU, as they're the reason I'm only 50K in debt right now, rather than 100K.
I do wish I had figured out a way to save at a young age, anything that could have helped me take avoid taking a non-government loan would have been amazing. Ah well, now that I'm a year in the workforce, I have no regrets.
|
I went to College in the 80's. It was still very affordable for a kid to work and pay his way through College, especially at a State School, without having much debt . In today's world, it's next to impossible (without scholarships) for any kid to pay for his own schooling without having a massive amount of debt to start their post-college life.
This is the reason why my wife and I are going to pay the entire bill for our kids to go through school. We have been fortunate enough to put aside the funds necessary to pay for any undergrad and postgrad education. If it weren't for the fact that I have two awesome kids that understand the gift that we are providing for them, it would be more painful footing these bills. As it is, my oldest will be off to K-State this Fall with about $10K/yr in scholarship money. We will happily pay for the balance. Their only responsibility is to cover any non-school related items - ie. spending money (which isn't cheap either). They have both saved a good chunk of money to cover those expenses.