Comments on: Don’t Pay for your Child’s Education

By: Mrs Money

Mrs Money — Fri, 26 Sep 2008 00:45:23 +0000

Bill- It’s great to see your point of view. I think it’s awesome your friend was able to do that. Thanks for commenting!

By: Bill

Bill — Wed, 24 Sep 2008 06:32:02 +0000

A thought provoking post but I’m not buying any of the cons.

College need not be expensive, although post-secondary educational costs are outstripping inflation. Nonetheless, many more affordable schools remain and their enrollment will benefit.

I paid for my degree and bear no grudge against my parents. I am reaping the benefit from it. Why should I not pay for it?

Finally, many students enter college with debt these days but that condition is more absurd than leaving college in debt. I’m reminded of a classmate of mine who worked only a part-time job on campus and paid his own way on nothing more than that income. He was very frugal and actually graduated with money in the bank.

Good post though.

By: Mrs Money

Mrs Money — Sun, 07 Sep 2008 21:47:37 +0000

Jackie- That is interesting. Isn’t it crazy how much college will cost when he is ready?

Midwest Chick- I am glad to hear this! We had over $38,000 in student loans… quite a chunk of change!

By: Midwest Chick

Midwest Chick — Fri, 05 Sep 2008 00:43:12 +0000

I paid for my own college education. My parents were not able to help me out, so I took out loans. Even though I ended up with debt, I am okay with this. It taught me a lot. I have friends/cousins who had their college educations paid for by their parents. I think how we now treat money and saving is different.

By: Jackie

Jackie — Thu, 04 Sep 2008 17:22:55 +0000

I honestly think it depends on the child. No matter what we do, everytime we buy something for my step-son, he does not appreciate it. I am not going to foot a $110K + education for him to blow away like his toys, nintendo ds, portable dvd player, etc. I notice that when he buys something though, it stays in mint condition.