Quote:
Originally Posted by dynalow
My kids are finished with college, but how are you college boys...and your parents...getting through the process?
I met a young girl a few months ago who was going to graduate with loans over $100,000. When I asked her about working and repaymenty plans, her reply was: "Well, I'm going to grad school and if I can get a job paying $100,000 when I finish, I'll be ok!" I was left speechless!  Her major was something in literature or language iirc. |
My Brothers and I were fortunate to have parents that sans spending money, paid 100% of our tuition/room & board/ for up to a 4-yr. BA or BS degree. We all took advantage of the deal - however not all of us attained the BS or BA. My older Brother eventually got his MS & Ph D, but that was on him. The only way they could afford to do this was because they, (our parents) had built, owned, and managed their own rental properties. Which were a couple small apartment buildings they built 10 years prior - that threw-off the money to pay for things like colleges for their kids. My Father's income outside the rental properties would not have done it.
Me? I'd cash-flow it were I a parent - if I could, that's the way to go to give yer kids a start in life, without loans hanging over their heads.
College is not necessarily the best way to prepare for a work-career, and sometimes some of the things learned there need to be unlearned afterwards. Many trades are better suited for many young people entering the workforce. Finding one's cup of tea, is the challenge.