If parents have the means to pay for their child's college, should it be expected they pay for it?

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Nope. I won't be (at least not in full). I want them to have some ownership and accountability for the decisions they make. The cost of school, what they decide to major in and what the implications of all that are. If we cover half they are responsible for the other half which could be covered by scholarships should they get them.

like

I'm with McK 1 on this one. If I haven't taught my children drive, accountability or personal responsibility by the time they are 18, it might be too late anyway. Just because I paid my why through college doesn't mean my children have to start from scratch too.

like
Recent IconRecent

Your role as a parent doesn't end when your child grows up.

like

Parents should be expected to do what is best for their children. In many cases, that includes educating and financially supporting​ your child.

like

If you're upper middle class and don't pay for your child's college, or atleast most of it, you're really fucking them over and are being greedy.

like

I think parents show their children the importance of education & their unconditional love by paying for their children's education. This act shouldn't be some "learn-your-finances" lesson, but rather a "this is how you treat your family" lesson (humans learn just as much by watching their parents). And this lesson & love is passed on to the next generation repeating a cycle of education & love. If parents pay for college, it becomes the norm that formal education doesn't end at high school, it ends after college which would be great for the American society. I do agree it is upto the children to choose a reasonably priced school though (in-state options are plenty)

like

My parents are upper class folks who refused to pay my college tuition. I got into MIT but had to take on massive debt. I think I made the right decision (versus going to the state school down the street), and it landed me here at BCG. But I also worked my ass off during school, couldn't take part in the kinds of extracurricular my friends did, and felt my experience suffered a great deal for it. In related news, I haven't seen my parents in years-- when they cut me off financially, I cut them off emotionally. Perhaps a thing for you arrogant parents to consider-- want to message to your kids that you love them less than the parents of friends who ponied up? Want to make them feel abandoned and like you don't care what happens to them? Want them to live below the poverty line so you can "teach them a lesson"? Well, fuck you and your privilege. You're actually throwing your kids straight under the bus, since they won't be eligible for financial aid and since you are too greedy to pitch in as you're expected to.

like

Mine did, and it was expected. Just as it was expected that I get good enough grades in high school to also qualify for academic scholarships at the college I attended, just as it was expected that I maintained a certain GPA in college if I expected that education to continue being funded. Financial support from your parents doesn't have to make your kids spoiled. I worked hard and appreciate that my parents worked hard to make sure I didn't have to graduate with debt like they did. Now, I work hard for them, myself, and to setup my future children with the opportunities mine did for me!

like

Yes, but it would come with conditions

like

No, nothing should be expected which is the key word.

like

This is an unclear question in passive voice.

like

Yes parents are expected to pay for it. There are better ways to teach financial responsibility such as limiting any stipends given to the child (which may encourage them to get a part time job). College is a big ticket expense in 2017 and no 18 year old can handle the magnitude of it on his/her own. It is cruel and selfish to not give the child the tools necessary to live a financially independent life, if you can

like

Yes, they should be expected to for it. It is also expected for the child to take care of their parents when they get old and are not able to take care for themselves rather than just drop them off at a retirement community unless that is what they want, then children's are expected to call them or visit them frequently so that they are close to their family. This is how most of eastern families are. Parents take care of their children when they need and Vice Versa.

like

If you make a ton of money, you're kid is completely screwed financial aid wise. I grew up working class, and got a 50% need based scholarship. If my parents were upper middle class, and decided not to pay, I couldn't have gone to a top private school....and likely would've ended up with worse jobs as prestigious employers don't recruit from state schools usually.

like

My plan is to have sufficient funds to pay for it, but have initially finance it themselves (as much as possible, at least) through scholarships, loans, etc. Assuming they graduate with a legitimate degree and show that they can do something with it, I'll pay the debt off. If they were able to secure scholarships/grants to subsidize the degree, I'll match it as a down payment towards house.

like

PS-- colleges definitely expect you to pitch in if you can afford it. Financial aid packages are 100% determined based on patent income at most elite schools

like

You need to make your children hard. Make them resent you. Make them killers.

like

I paid for my entire college experience on my own with only some debt because I worked hard to pay as I went. I missed out on a lot. I feel like some distribution might be good, parents some kids some. It taught me about hard work and especially value and ownership. These are very important for succeeding in life. I wouldn't want them to go into too much debt to make it through for their part. My experience directly contributed me to being in the position I am now, 3 years to owning my home because I don't ever want to be in that weak, I don't own anything position again. It was harder than I wished it was though. "Expected" is a weird way to phrase your question. I wonder if you could talk with your children about it and together come up with a plan (assuming they are old enough)

like

@mck1, key word is"child". College is a grown person's decision, not teaching 7 year olds the 3 Rs

like

Of course, but your responsibility for their decisions does. If my kids grow up and think they're entitled to me funding their adult decisions, they will be sorely disappointed. It should not be "expected"

like

Related Posts

6 months pregnant and just laid off. And 40% of my severance was just taken in taxes .. I just spoke with paid family leave and I no longer qualify even though I had been paying into the program (thanks NY).. I already applied for unemployment but doctors are telling me I’ve got 10-14 weeks left in this pregnancy.. so stressed having twins and being unemployed, no maternity leave, no paychecks coming in, and I’ve been applying but not a single interview.. just ugh. 😭

like

Very early in my pregnancy and I know my job is a dead end.

Any idea what the average tenure requirement for mat leave is at agencies? My current agency is 6 months. Is that standard?

Will people do the math if I get a new job and know I was pregnant when I got hired?

I’m currently interviewing but wondering if it’s going to reflect poorly on me at a new job if they realize i was already pregnant when I accepted the job.

Help

like

Is there any difference in prestige of a 1 year MBA vs 2 year?

like

Anyone help one of their parents go / initiate the separation and divorce process? VA is super sticky requiring a 6 months separation… but I’m just lost on what to do. Mother is being extremely difficult

like

Knowing how the tech market is today, if you were graduating from your MBA now, would you go into MBB or try for roles in tech?

like

How MBB experience help with Warthon application. I work in analytics and want to get an MBA to get into more strategic positions ins Tech companies.

What are some strength points I should focus on? And common weaknesses. Any tips are appreciated!

Thanks in advance.

likehelpful

Good maternity clothes for work???

like

Do schools that you graduated from ( undergrad) still help ( maybe get that interview).

like

Happy Mother’s Day!

Post Photo
like

If a big 4 partner wanted to get an executive mba are they usually able to get the firm to pay for part of it?

like

Looking for 2bhk near Ascendas IT park Taramani, Chennai. We are 4 myself, spouse, 1 year old kid and my mother she is old. Safety is my priority as myself and spouse are working, only my mom and kid will be home after we leave to work. Please suggest some safe apartments in and around.

like

Many in my MBA program are hyper grade focused. Do grades matter that much post MBA for future job opps at all? My approach has been to balance academics with relationship building and practicing exec presence and for me, pivoting to a new industry

like

Coworker said they used to eat powder laundry detergent as a kid 😬

likefunnysmarthelpful

One of my friend was asked to resign because she got pregnant . They specifically told her that they have strict policies and need complete commitment and you are not fit for the current role owing to your health. They have a king rule from management side and treat their employees as daily wage labor . Very bad HR and management

likehelpful

What do we think about getting an MBA as a corporate lawyer? Is it helpful? Pros? Cons? Thanks!

funnylike

How long did you wait to tell your boss you’re pregnant? I’m 7 and a half weeks pregnant and have a subchorionic hematoma so my doctor has been doing twice weekly scans to monitor because of my previous miscarriages. It’s obviously affecting my availability and I want to tell my boss but I don’t know if it’s the right decision.

like

Doge Baby Doge !!! 😍

like

I posted here some months back about my ectopic pregnancies but today, I'm posting to tell you all to hang in there and God will do it for you. (Please don't insult me of you don't believe in God because I strongly do).
In a nut shell, we had baby #1 without trying. Started trying for #2 and over 2 years, I had 4 miscarriages and 2 ectopics. In July, my doc informed me that the only way forward was through IVF. I was tired and confused. I PRAYED! and continued trying. (The rest in the comments.)

likeuplifting

Hii
I am looking job in opration and supply chain management
3 years work experience in inventory. FMCG sector.
Qualification- MBA in opration and supply chain management.

More Posts

anyone going to Made in America?

like

I'm a preschool teacher with a Master's & 10+ YOE in the field. I am currently looking to make a career change/ positions out of the classroom. What companies or jobs would I be able to use my skills without starting from 0? It could be in the vein of education or something completely different. The new school year is about to start & I've been job hunting with no luck. I have such high anxiety and depression thinking about having to go back to the classroom in a few weeks. I hate it! HELP!

like

Do yall think PSAs are effective ads and worth the time? I find them only effective as political ads...

like

Will CTS change the job location in the offer released? It's different to what's been agreed not sure if they're in rush to release offer and such occurrence.

like
like

I need dinner ideas 🥺 Im@not very verse in the kitchen so… I’ve done pasta, tacos, pizza , rice and meat 🙄 hot dogs? Potatoes and eggs 🤫 Pinterest is just to overwhelming 🥶

like
like

Anyone figure out how the 1065 will be presented this year for clients with GAAP books? Seems like M-2 should be tax but the instructions say book and “match K-1”

like

Between Austin TX and Charlotte NC, which is better to move to if we’re all going to be working remote for a while?

like

Best dog groomers? I have a german shepherd!

like

Looking to move from consulting to chill DS/analytics role. Don’t care too much about TC ($150k is fine), but WLB is paramount for me. Anyone have any thoughts as to where I can get this?

like

I am looking for a new job will they accept notice period of 90 days

like

Moved to SF from Colorado a couple months ago. As a 30F, what advice do you have for dating or making friends in SF?

like

When you find out you’re getting promoted

Post Photo
likefunny

Fishes, what about work like balance in PwC UK, SAP practice?

like

I have an offer from Capgemini.
Can anyone help me understand how is the Health Insurance Policy offered by Capgemini?
What is the coverage for immediate family and parents. Thanks in advance!

like

Any recommendations for something to get rid of aphids and white fly on my miniature roses? I was using neem oil before and it seemed to control them but now that I’ve moved closer to the water the number of little white bugs is wayyyy out of control!! Any tips will be super appreciated, thank you!

like

Additional Posts in Consulting

I might be asking a lot, but does anyone have experience transitioning to permanent remote positions in analytics or data science at 40 hrs/week hard stop? Looking for suggestions on how to do it/good companies.

I’m ready to get out of the city and start a little farm business on the side.

like

I hate what Delta has done to the "shuttle" product by brining it to the main terminal at LGA. Screaming obnoxious children everywhere 👺

likeupliftinghelpful

Any recommendations on a good office chair below $500?

like

Anyone in HCOL areas using their home as their retirement? For example, not contributing to retirement to save for large down payment on $1.5M+ house? Or just doing 20%?

helpfullike

Is there anyone from McKinsey public sector available to tell me a bit about the work-life balance etc?

like

I had an interview on Friday for a position that is no longer accepting applications as of today. I haven't heard back from the recruiter yet. Is this good news?

like

When it's been a day so you order steak. 🥩🍷

like

Best consulting firms in Houston?
Looking for new opps

like

Benchmarks or gtfo

Post Photo
likefunny

Anyone else trying to finally kick that nagging cough/cold before the break? Would hate to have any option short of “all the booze” while I’m on vacation.

likefunny

Fellow runners - I’ve been running 3-4x per week at about a 20-25 mile/week for the past year or so.

My questions: (1) does it make sense to take a week off and let myself rest or do other workouts (i.e. cycling) and (2) I’ve been running with the same shoes since August last year - make sense to get new ones?

like

Want to rejoin EY in a totally different city & practice then I left from, but afraid I burned a bridge when I left. I have an interview scheduled. Could a mistake from 2 years ago hurt my chances?

like

What are the top consulting firms that are known to allow full-time remote work?

like

Does anyone know what industries / competencies got hit by the layoffs yesterday? A few people mentioned it, but no one gave any details.

like

There is an echo when I speak on calls due to my home office being relatively empty. I added a carpet but hasn’t made as big an impact as I would like. Any tips

like

Ladies, what would you like as a graduation gift in $300-$500 range that is not a handbag or a cellphone.

like

What's with all the BCG layoffs? My buddy was just let go....

like

Does anyone have base + bonus expectations for an Alix Partners SVP in TRS?

like

How common is it for a recruitment process to take place or go ahead just so the company recruiting for the role can get some free advice (in this case on how to get consulting business)? Definitely feels like that after a couple of interviews.

like

The minute I land in Chicago I start dreaming about Naf Naf. That pita bread is my undoing.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal