I never had one and there was no way my mom could afford to send me to college.
Everyone keeps telling me "oh I got 7000 saved so far for jaydens college fund"...I dont have one for my child and I dont plan on it.
Why should anyone get to go to college for free?
Isn't that why college students have jobs?
Thats just as bad a giving them a lexus on grad day!
Build character, not demanding adults!
2006-12-23 15:53:07 · 17 answers · asked by Anonymous in Pregnancy & Parenting ➔ Parenting
I mean if your going to save for anything, maybe save for a dwon payment on a house for them when they get married!
2006-12-23 15:59:52 · update #1
i guess it all depend on how important it is for the parents to see there kids go to school. I have a college fund for my kids and I'm proud of it college is not cheap and by the time they get older it will probably be twice as much to go.
2006-12-23 15:56:48 · answer #1 · answered by ang. 4 · 0⤊ 0⤋
College is an awsome thing. And I hope my kid's do show an interest in it simply becaus of the hard time's my husband and I have had the past 13 years of marriage. I did not have a fund because my folks were like my hubby and me. I'm more worried about the here and now more then 20 years down the road. It's to hard for us to put food on the table now . There is no way we could say any money for our kid's at this point and time. But it is a wonderful thing to be able to. I guess what I am trying to say is that I can see the pros and cons of the subject. So every person to there own. Happy New year!!
2006-12-27 09:57:26 · answer #2 · answered by Ishma T 1 · 1⤊ 0⤋
Well considering that when you have kids and they hit college a college education will cost at least 7 times what it does today...You might want to start saving. Student loans are great...but the companies that dole them out now are a bit pickier and they are demanding in their contracts that ALL of the loan be paid back by a year from when the student graduates. Can you imagine having to come up with $100,000.00 a year AFTER you graduate from college? Scholarships are becoming fewer and farther between...and a child's education IS a parent's responsiblity. If you don't want that particular responsiblity I suggest you don't have children you obviously won't be able to afford.
2006-12-23 16:51:23 · answer #3 · answered by Anonymous · 2⤊ 0⤋
I'll explain my reasoning behind setting up a college fund for my children in hopes that you'll change your own opinion,.
College is expensive. Debt is not hard to get into. I don't want to start my child off in debt. By all means I'll encourage each and everyone of them to excel in school and/or extra curricular activities in order to get scholarships. Unfortunately, it's hard if you are an average student with an average agenda.
College students do have jobs, even if their parents pay their way in college. How do you think these kids eat? Go out to parties? Have fun? They have to work for it! I'm sorry but when you are paying for both college and "life" expenses it's not going to be the greatest life.
Many kids I know decided not to even pursue a college education BECAUSE they simply could not afford it. I want my kids to know that they are going to be supported in whatever decision they make as long as they make an effort and try for what they have.
Personally, I think it's horrible when parents drive around in fancy cars or have luxury items but they will not even pay for the greatest thing in life for their children--that is their education!
2006-12-23 16:02:52 · answer #4 · answered by .vato. 6 · 2⤊ 0⤋
Wow, this is awesome. I got to block about 5 people just on this one question, you big looser! HA!!! Gamble to your heart's content. If you don't spend the money now, you know what's gonna happen. You'll send your not so smart offspring to college, where they will get hammered every night, do sorority girls, and the only thing they will major in is freaking keg stands and then they'll flunk out, and you will have wasted your money anyway, so why the hell not just gamble your *** off now?? Blackjack. Craps is too hard and I don't like to learn new things.
2016-05-23 03:11:29 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Because college prices go up a lot every year. I'm in 8th grade so when I get to college, a cheap college is going to be $25,000 - $30,000
Anyway, ya, I don't think most adults understand anything about inflation.... Everything was easier for earlier generations..... lol, anyway, ya, everything's prices will go up every year.... Do you think that I can earn 30,000 dollars in 3 years? (Because I'll only have 3 years by the time I'm allowed to get a job) Anyway, that's why there's such a big deal... Though I don't think my Dad is too worried about my college fund... New Tahoe for mom.... 2 other expensive objects I won't name..... Anyway, ya, I need to get a job early..... hmm.... oh well, Merry Christmas and Happy New Year's! (Ignore the first if you don't celebrate it...)
2006-12-23 15:59:47 · answer #6 · answered by Anonymous · 5⤊ 0⤋
Ummm....college costs $20,000-40,000 a year if going to public or private college or universities. If sending them to a technical college or community college you will pay about $5,000-8,000 a year. Saving for a college fund is actually smart to do since college is so expensive. You don't have to put a lot away just as much as you can afford each paycheck.
2006-12-23 16:12:04 · answer #7 · answered by Karli P 4 · 2⤊ 0⤋
I never had one either. I joined the Navy for 4 years to get money. It didn't do me any harm. And I agree with you. I'm not going to do a college fund. What happens if I save all that money up and my kid doesn't want to go to college? Besides, all the financial advisors say it's far more important for people to save for their own retirement than it is to save for their kid's college fund. That's what student loans are for!
2006-12-23 16:00:10 · answer #8 · answered by alimagmel 5 · 0⤊ 1⤋
Do you have kids yet? Well, when you have 3 that will be in college all at the same time, it is good to save even if it just a little for books,and dorm room stuff. Who knows what the economy will be at that point.
2006-12-23 15:58:55 · answer #9 · answered by Anonymous · 1⤊ 0⤋
In my family, parents pay for their children until they're married or able to live on their own. My dad is paying for me for my master degree (he said his children have to have at least a master degree) plus rent, plus my car, and everyday living expenses.
I tried not to depend too much on him though. I was thankful enough that he'd pay for me, and the older I am, the more I feel guilty for not working. So I think if he/she's a good kid, then he/she would try to pay back the parents.
So I want my son to be in the same situation. He can get a job if he wants to, but I'm making sure he can live and have no loan until he finished master degree.
2006-12-23 16:07:25 · answer #10 · answered by meetha 4 · 1⤊ 0⤋