Do you plan to pay for your kids college?

posted 3 years ago in College
Post # 3
1057 posts
Bumble bee
  • Wedding: August 2013

I was just having this conversation with my husband! I told him that I will definitely discourage our kids from taking out student loans. Ideally, we would like for them to apply for (and get) scholarships and have part-time jobs. Whatever’s left over that they owe, we will pay. However, they must have good grades and behave responsibly! We’re not going to just throw money at them.

We do not have kids yet, so only time will tell! 🙂 

Post # 5
4483 posts
Honey bee
  • Wedding: April 2015

I will if I can, but will only continue to pay if they are acting responsibly. I’m not buying a $100,000 four year booze cruise

Post # 6
3280 posts
Sugar bee
  • Wedding: June 2014

My parents paid for all of my college and FI’s parents paid for all his kids college. I feel it’s definitely our resonsibility to pay for our kids colleges. We will begin saving for college when they are born. If they don’t go to college, we keep it, if they get a scholarship, they keep it. 

Post # 7
294 posts
Helper bee
  • Wedding: April 2015

My parents paid for all of my education and I will be paying for my childrens 🙂

Post # 8
3202 posts
Sugar bee
  • Wedding: January 2014

We plan to pay as much as we can. They say you should save around $1000 per month, per child, to fully fund a college education. That’s pretty out of reach (lol), but when we start having children, we definitely plan to invest in a college savings plan and probably save more on top of that, depending on the plan.

My parents purchased a prepaid tuition plan for me. While my college expenses were fully covered by scholarships, I was able to use the money from the prepaid tuition plan to pay for my living expenses.

DH’s tuition and fees were also covered by scholarships, and his parents paid for his living expenses.

We both also worked throughout college, which I think is really valuable.

We are very lucky to have never taken on any student loan debt. We’ll both have PhDs in a few years without ever having taken out a penny of student loans. I very much hope for the same experience for our children or, at worst, minimal loans.

Post # 9
2299 posts
Buzzing bee
  • Wedding: August 2010

We will help them. My parents helped me, but did not pay for everything – I worked my ass off to save money before going, and then continued to work my ass off throughout my many years of school so that I could afford to keep going. I am incredibly grateful to my parents for helping me through, and I feel like I worked harder (both in school, and at work) because I really appreciated the cost of my education. I hope my future kids will have a similar experience.

Post # 10
9949 posts
Buzzing Beekeeper
  • Wedding: June 2013

We plan to save a certain amount (in line with the price of in-state tuition cost) and offer that amount toward our future children’s education.

However…my parents saved for my college education, and were able to pay all but $13K of it.  I went to a private, top tier college, so it wasn’t cheap.  I’m eternally grateful for that!  I would like to offer my future kids whatever they want as far as college goes, but my husband feels strongly about not paying more than whatever in-state is.

Post # 11
585 posts
Busy bee
  • Wedding: May 2015

I’ve been on my own with paying for university, that includes food, rent, all that. Same story with FI. We hope to pay for our kids expenses in college when they get there! 

Post # 12
1137 posts
Bumble bee
  • Wedding: May 2014

:/ I read here posts about college debt, student loand up to 100k and it makes me so sad.

So maybe I live in Mexico (where, everyone knows, we don’t have the best education in the world), and I go to a public university, but man! At least I can have a degree with out having to pay for it my entire life! I actually pay 300 pesos each semester (which is LESS than 30 dollars) because my grades stay above 90/100, but even if they didn’t I wouldn’t pay more than 500 dollars.

I really hope the US government does something about this super expensive education, it is just not fair for all the citizens to have this huge debt!! :CCCC


I’d do my best to help my kid through school!! But as PP said he/she should be responsable!

Post # 13
3994 posts
Honey bee
  • Wedding: December 2013

Yes, we will try to help with as much of the costs as we can. My parents were able to pay for my college, and I am eternally grateful. I only had to take out student loans to cover living expenses my last year of college because I was student teaching and could not work. We will continue to contribute as much as we can as long as they are being responsible with their choices during that time.

Post # 14
810 posts
Busy bee
  • Wedding: August 2015

We will pay 100% (or as muh as we can) as long as they are working on a legitimate major that is an actual investment in their future.

My fiance is an artist and got a visual arts degree and says that there is NO WAY he would pay for an art degree, as he has never used his in the ten years he has had it beyond being able to say that he has a college degree.

He wishes he had gone for a business degree, for his same artist career.

Post # 15
3222 posts
Sugar bee
  • Wedding: April 2015

@Ninteenthchance:  We plan on paying for private school tuition (which at my school cost 5x what my undergrad tuition ended up being annually), and for their first degree.

We will only have one child because the school I attended from kindergarden onward or their partner boys’ school will be very expensive. I can’t imagine my kid not going to one of those two institutions, so we will need a one-child only policy, hah. For undergrad, we’ll have an education fund set up, just like we had. 

Post # 16
1463 posts
Bumble bee
  • Wedding: August 2012

I would have loved to pay for my daughter’s college, but as a single mom, it was impossible.  What I did do, however, was have her live at home and pay for all her costs (food, cell phone, clothes, etc.).  She does have some debt from her undergrad, but it’s manageable.  It does help that we have several universities in the area (although she attended her first year out of state).

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