Maurice
Full time employment: Posting here.
Thanks for the comments, everyone.
Re the question of whether or not to pay for school, it would be interesting to see who here (of those who went to college anyway) had their parents pay vs. paid on their own. It would be most interesting to see how that shifts with age, since it seems to be more common now than 20 and certainly 40+ years ago.
In my family its was considered an obligation. In fact, even my mother's father (the first college graduate in my lineage, MIT class of '28 ) paid for his kids' education in the 50s and 60s, when it was probably quite unusual to do so.
My parents paid for my two sisters and me in the 80s (which probably pretty much wiped out their savings). In the quiet suburb of Rochester where I lived it was pretty typical for people to pay for their kids schooling if they could afford it.
Of course I knew kids in college that pissed away their opportunity, dropping out in the first year and wasting their parents money. And of course, this would almost certainly never happen if the kid was paying for it himself. Hopefully by the time my kid (should he come to be) is 17-18 I'd have pretty good insight into his personality and would know how much of a risk that would be.
Re 529 plans, I've heard mixed things about them, I guess much depends on your states plans and its restrictions. I'll certainly research them more over the next few months and no doubt I'll be posting my questions here.
Re the question of whether or not to pay for school, it would be interesting to see who here (of those who went to college anyway) had their parents pay vs. paid on their own. It would be most interesting to see how that shifts with age, since it seems to be more common now than 20 and certainly 40+ years ago.
In my family its was considered an obligation. In fact, even my mother's father (the first college graduate in my lineage, MIT class of '28 ) paid for his kids' education in the 50s and 60s, when it was probably quite unusual to do so.
My parents paid for my two sisters and me in the 80s (which probably pretty much wiped out their savings). In the quiet suburb of Rochester where I lived it was pretty typical for people to pay for their kids schooling if they could afford it.
Of course I knew kids in college that pissed away their opportunity, dropping out in the first year and wasting their parents money. And of course, this would almost certainly never happen if the kid was paying for it himself. Hopefully by the time my kid (should he come to be) is 17-18 I'd have pretty good insight into his personality and would know how much of a risk that would be.
Re 529 plans, I've heard mixed things about them, I guess much depends on your states plans and its restrictions. I'll certainly research them more over the next few months and no doubt I'll be posting my questions here.
