UO's
Apr 10, 2015 9:58:19 GMT -5
Post by baytosa2013 on Apr 10, 2015 9:58:19 GMT -5
Apr 10, 2015 0:13:00 GMT -5 @poppyc8 said:
I don't think it's parents' responsibility to pay for their children's college education, especially if they're putting that cost before their retirement savings. I just don't see how it helps kids in the long run if their parents have nothing saved and everyone has a bunch of loans.
I intend to help my kid(s) with college costs, but not to the detriment of our financial well-being. I'm also not planning on telling them that we'll help to provide more incentive for good grades and scholarships. We also don't splurge, live a lavish lifestyle, or have large inheritances waiting for us. I'd much rather save and leave a decent nest egg that my kids can inherit later in life and/or not have to depend on them for medical or housing costs if I need it later in life.
This is fine but then what irritated me about my parents is that they did not contribute to my college education and yet they continued to claim me as a dependent on their taxes so I was fucked because I couldn't qualify for low income scholarships since my parents were middle class. They got the tax break and I got a huge amount of student loan debt.