rob in cal
Dryer sheet wannabe
- Joined
- May 29, 2014
- Messages
- 12
I realize college costs have skyrocketed since my time in the late 1980's, but I'm wondering if many parents are wasting huge amounts of money on helping their kids through college. In our case, assuming our kids go to college they would be going to community college for two years, and for the last two years they would be funding big chunks on their own, their grandparents are helping out, and we would help out somewhat also. Grandparents are going to give them 3k a semester for tuition, and I'd have no problem doing that as well, for their last two years of college. During all this time the kids will also likely be working and they'll be contributing the rest of the money hopefully.
It seems that such a plan makes sense, of 1) going to the much much cheaper community college route for years 1 and 2, and then going to a moderately priced university for 3 and 4, and have the kids fund a significant, perhaps a majority of it, amount. In our case, I can see our son likely working at our restaurant as a busser/waiter or maybe delivery driver as he gets older, not sure about our 17 year old daughter who will be babysitting alot this summer. In this way, parents are not the key figures in financing what is often an overrated, overpriced education industrial complex. Separation of parents and college funding is my approach.
Now, I must admit that in my case my parents more or less helped me out significantly, in that my step-dad allowed me to help out in his business and gave me 10% of the profits we made on art buying trips. I basically helped out as general travel assistant as we bought artwork from people in California. But, I also lived frugally, and of course tuition was so much less back in the late 1980's.
It seems that such a plan makes sense, of 1) going to the much much cheaper community college route for years 1 and 2, and then going to a moderately priced university for 3 and 4, and have the kids fund a significant, perhaps a majority of it, amount. In our case, I can see our son likely working at our restaurant as a busser/waiter or maybe delivery driver as he gets older, not sure about our 17 year old daughter who will be babysitting alot this summer. In this way, parents are not the key figures in financing what is often an overrated, overpriced education industrial complex. Separation of parents and college funding is my approach.
Now, I must admit that in my case my parents more or less helped me out significantly, in that my step-dad allowed me to help out in his business and gave me 10% of the profits we made on art buying trips. I basically helped out as general travel assistant as we bought artwork from people in California. But, I also lived frugally, and of course tuition was so much less back in the late 1980's.