WhenIsItTime
Recycles dryer sheets
- Joined
- Jun 20, 2018
- Messages
- 454
My Dad gave me the opportunity to pay for my own college. Wife did same. We both graduated without debt. That was a long time ago.
We intend to support our kids college and are prepared to pay for all of it. Starting to think about ways to incentivize our kids to use this money wisely or give them skin in the game. We will be involved in the institution selection process partially based on desired major and income potential.
Looking for way's to structure this gift such as:
Any advice or experience?
We intend to support our kids college and are prepared to pay for all of it. Starting to think about ways to incentivize our kids to use this money wisely or give them skin in the game. We will be involved in the institution selection process partially based on desired major and income potential.
Looking for way's to structure this gift such as:
- Give them the money and wish them luck.
- On their own until graduation. If successful in four years, reimburse everything.
- Pay for grades: A=100%, B=85%, etc.
- 50/50. Maybe gift the balance after graduation or starting career.
Any advice or experience?