Quote:
Originally Posted by ChiTown
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.
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That's awesome. Super congratulations to your children and it sounds like they are well on their way to making an impact in this world. By the looks of things they have it much more together than I ever did in high school.
I've often been told (usually by relatives via facebook) that "my generation" isnt willing work to work through school to pay off their college expenses. That's always been funny to me, I worked the entire time I was in college from anywhere between 15 to 45 hours a week, but most of that was wiped away immediately to pay for my rent and other living expenses. There was a time where I collected about $1400 in savings (a big deal for me at the time), but that vanished after a car wreck and when I bought new tires.
Major props to your kids for accomplishing so much already and to both you and your wife for understanding both the importance of college and the insane costs that are put on students today.