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Old 01-31-2012, 09:38 PM   #61
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Originally Posted by arky View Post
I think giving a child a free ride to college is like everything else in life.
If you get something for free, you won't appreciate it as much.
How do you know this? I don't see it.

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Old 01-31-2012, 09:57 PM   #62
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I think I appreciated my college more by having to pay half of it. But that is just me, and looking back, my father sacrificed way more than I knew at the time to do even that. I was also able to pay one of my two years by acquiring student loans and putting them in 12%-14% CDs. My daughter cant do that! She will get out debt free as she will stay home for 2 years and we will pay her two years at state u. I believe she appreciates it, because she is starting to work a PT job in her first year of JuCo. She is hoarding every penny for future out of college costs. That makes me feel better about her money management abilities because Lord knows her career choice isnt going to make her rich.

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Old 02-01-2012, 03:19 AM   #63
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Originally Posted by Texas Proud View Post
I did not read the whole thread, but what I did read nobody posted about this...

To the OP... you have mixed things on your decision... you state that it will cost $200K in the future, but then compare it to a $40K or $50K job which is todays dollars... apples and oranges...

As someone did mention, what is the income if they do not... heck, it might be a LOT... I have a neice whos husband works in the oil field and is making about $150K per year... with NO college education... and he is in his early 30s...

Or, it could be $20K to $30K per year... who knows for sure...
Agreed Texas Proud - I am mixing apples and oranges comparing projected college cost with today's salaries, however I don't hear much about 7%+ pay raises from within my circle of friends these days or within the last 4 years that stayed in the same job. However my neighbor received a 10% pay cut in his university engineering job recently with a warning that pink slips may fly in May.

If those oil field jobs are still available in 15+ years it will be considered as part of the mix of options. =)

I do agree ... who really knows how things will be 5, 10, 15 years from now.

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