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Posted: 10/1/2014 7:00:05 PM EDT
[#1]
Poor planning on their part...
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Posted: 10/1/2014 7:01:47 PM EDT
[#2]
I asked what my parents were going to do about my college. They told me to get loans or join the Army. |
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Posted: 10/1/2014 7:06:31 PM EDT
[#3]
Truck, yes. House, no.
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Posted: 10/1/2014 7:06:39 PM EDT
[#4]
I guess they expect their child/children will take care of them during retirement.
Well, if they get a job. |
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Posted: 10/1/2014 7:06:48 PM EDT
[#5]
I refused to co sign any loans period.
While I did financially help him, he was told up front that I wasn't co signing anything when it came to loans. Not because I didn't love or trust him but that it was a moronic thing to do as a middle age person trying to save for retirement. |
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Posted: 10/1/2014 7:10:26 PM EDT
[#6]
I'd tell them to join the military and after they get out, do the GI Bill
route like I did! |
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Posted: 10/1/2014 7:12:38 PM EDT
[#7]
College is a joke and a scam.
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Posted: 10/1/2014 7:14:11 PM EDT
[#8]
Quote HistoryQuoted:
Truck, yes. House, no. |
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Posted: 10/1/2014 7:15:08 PM EDT
[#9]
Quote HistoryQuoted:
College is a joke and a scam. For this reason alone it would seem silly to me to sell off assets for college. That said I will always hold parents who sacrifice for their kids in high regard. |
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Posted: 10/1/2014 7:15:32 PM EDT
[#10]
No ....
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Posted: 10/1/2014 7:18:20 PM EDT
[#11]
Quote HistoryQuoted:
Quote HistoryQuoted:
Quoted:
Truck, yes. House, no. If I had an outrageously expensive vehicle or something, then yeah, I might. Not 'just a truck' though. But ideally, you should plan better than this. It's not like you didn't have 18 or 19 years to think about it. |
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Posted: 10/1/2014 7:18:50 PM EDT
[#12]
Quote HistoryQuoted:
College is a joke and a scam. This is only true is some instances, and without mentioning those instances, you make yourself look pretty ignorant. There are hundreds of great, honorable, and simply awesome professions that require a college degree. |
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Posted: 10/1/2014 7:20:44 PM EDT
[#13]
My kids can pay for there degrees just like I did my three, by being employed by .gov
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Posted: 10/1/2014 7:22:56 PM EDT
[#14]
No, I believe that is their responsibility not mine.
My parents didn't give me money for college, nor did my wife get any money from her mom. |
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Posted: 10/1/2014 7:25:35 PM EDT
[#15]
Nope. Seen firsthand at least a dozen kids who couldn't pass semester after semester and either didn't graduate at all, or a 4 year degree took them 6-8 years to complete. Parents remortgaged or reverse mortgaged houses, sold cards, etc.
Truth is that any parent dumb enough to do this probably has kids that are too dumb to graduate college anyway. |
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Posted: 10/1/2014 7:25:40 PM EDT
[#16]
We saved from the time my daughter was born for her education. With her scholarships and the fact that she worked hard and graduated in three years, she had enough left to pay for the portion of her masters that her employer didn't pay for. She's now in a PHD program, working as a TA, doing research and getting her PHD. She'll end up with a PHD without any debt. It cost her mom and I monthly about the equivalent of a new car payment for the eighteen years she was in our care. If she hadn't ended up college bound, the same funds could have payed for trade school or been seed funds for a business. If she had grown up to be an irresponsible, Obama voting member of the FSA, those same funds would have bought her mom and I a nice piece of land in the Rockies.
Well worth it, IMHO. |
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Posted: 10/1/2014 7:26:02 PM EDT
[#17]
Quote HistoryQuoted: Truck, yes. House, no. |
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Posted: 10/1/2014 7:28:11 PM EDT
[#18]
Quote HistoryQuoted:
Nope. Seen firsthand at least a dozen kids who couldn't pass semester after semester and either didn't graduate at all, or a 4 year degree took them 6-8 years to complete. Parents remortgaged or reverse mortgaged houses, sold cards, etc. Truth is that any parent dumb enough to do this probably has kids that are too dumb to graduate college anyway. Nice Fire Dancer 
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Posted: 10/1/2014 7:28:27 PM EDT
[#19]
House no.
If I was silly enough to drive a 50k truck, maybe that could go. Selling my current truck wouldn't even cover a years worth of books. LOL. |
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Posted: 10/1/2014 7:28:33 PM EDT
[#20]
No. I need my truck to get to work, and my house is almost paid for.
My daughter is on academic scholarships and grants for her science degree. She works part time for her spending money and just bought herself a car. |
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Posted: 10/1/2014 7:29:33 PM EDT
[#21]
I, too, am an asshole. I will not be paying for thier college. I've told them this since they were very young. I give them my unused military benefits, but no cash.
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Posted: 10/1/2014 7:31:05 PM EDT
[#22]
Yes. Id do anything for my kids.
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Posted: 10/1/2014 7:31:38 PM EDT
[#23]
Quote HistoryQuoted: I asked what my parents were going to do about my college. They told me to get loans or join the Army. Damn right. Earn your own fucking way. That being said, I am planning to help my kids if they choose to go. |
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Posted: 10/1/2014 7:33:34 PM EDT
[#24]
Truck yes. House no.
However Ive told them if they live here during college I will pay for their first two years so long as it's a technical degree ( accounting, engineering, MD, nursing etc) or if they decide on a trade they get the same deal. I will cover the cost and they can live here free. |
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Posted: 10/1/2014 7:34:29 PM EDT
[#25]
no. kids can work their way through college just like everyone else did, and just like I did. I'd do everything I could but millions of kids a year go to college by working their asses off.
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Posted: 10/1/2014 7:34:56 PM EDT
[#26]
Quote HistoryQuoted: Yes. Id do anything for my kids. My aunt and uncle treated their child that way. He is now worthless. Nothing has value until you earn it. |
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Posted: 10/1/2014 7:35:54 PM EDT
[#27]
I thought they give unlimited student loans to anyone who wants them?
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Posted: 10/1/2014 7:36:27 PM EDT
[#28]
The real question:
Is my kid gonna choose a good field Or Is my kid gonna study liberal arts |
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Posted: 10/1/2014 7:38:22 PM EDT
[#29]
Half of GD wouldn't send their kid to college if it were free.
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Posted: 10/1/2014 7:41:41 PM EDT
[#30]
Selling hard assets for unsecured liability is a bad idea. There is no guaranteed return on investment in college. None. ZERO.
Except maybe a REIT in one of those Phoenix university buildings or a DeVry building that are littered every 2 blocks from coast to coast.
That said, I earned my own scholarships and worked hard to go to trade school. |
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Posted: 10/1/2014 7:44:27 PM EDT
[#31]
College is no guarantee of a good job anymore...or a job at all for that matter. And many young people aren't ready for college and won't be for another 5-10 years. Sending them off to party for 4 years at your expense seems...misguided. We went through this with both my step sons. After a lot of money spent by both sets of parents to put them in school they wound up dropping out. One started his own business and is doing well, the other is 27 and still partying, there are days I doubt he'll ever grow up enough to have more of a career than answering phones at Verizon and telling people how to reset their iPhone. But at least he's got a job.
If the kid was ready for college, yes I'd probably sell the truck and get a beater. The house? Fuck that. If we've planned that poorly it's time for the kid to join the military, which I recommended to both of my step sons, and use the GI bill.
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Posted: 10/1/2014 7:44:58 PM EDT
[#32]
No car and house.
Go to community college for 2 years and commuting ito a 4 year college s way cheaper that living on campus. More than half of the college expenses is room & board. |
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Posted: 10/1/2014 7:47:22 PM EDT
[#33]
Quote HistoryQuoted:
no. kids can work their way through college just like everyone else did, and just like I did. I'd do everything I could but millions of kids a year go to college by working their asses off. |
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Posted: 10/1/2014 7:48:03 PM EDT
[#34]
Quote HistoryQuoted:
For this reason alone it would seem silly to me to sell off assets for college. That said I will always hold parents who sacrifice for their kids in high regard. Quote HistoryQuoted:
Quoted:
College is a joke and a scam. For this reason alone it would seem silly to me to sell off assets for college. That said I will always hold parents who sacrifice for their kids in high regard. Well put for an AK guy. |
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Posted: 10/1/2014 7:48:59 PM EDT
[#35]
No.
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Posted: 10/1/2014 7:49:30 PM EDT
[#36]
I told my daughter the same thing my dad told me "If you want to go to college get a job and pay for it".
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Posted: 10/1/2014 7:51:35 PM EDT
[#37]
With three headed downrange and one in the pipe, it's a possibility.... LOL
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Posted: 10/1/2014 7:58:04 PM EDT
[#38]
Quote HistoryQuoted:
College is a joke and a scam. Yes, those self taught doctors are much better than the book learned college types. |
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Posted: 10/1/2014 7:58:11 PM EDT
[#39]
Truck, maybe.
2 things you never ever sacrafice for your kids college; your home and your retirement / 401k. Living in a box behind Burger King is no way to spend your golden years. |
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Posted: 10/1/2014 8:03:52 PM EDT
[#40]
People pay about 300% too much to send their children to college. The biggest suckers of all are the idiots who pay for their children to live in the dorms.
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Posted: 10/1/2014 8:04:49 PM EDT
[#41]
Quote HistoryQuoted:
That is almost impossible to do today. Back when I was college, it was possible to work your way through college, but in today's environment with the limited purchasing power of the money, no. Quote HistoryQuoted:
Quoted:
no. kids can work their way through college just like everyone else did, and just like I did. I'd do everything I could but millions of kids a year go to college by working their asses off. Lol. NO ONE needs to live in a dorm. ETA: There are plenty of other ways to cut costs. CLEP exams, AP exams, Community college for the first two years, and so forth. If you believe all of this crap about "prestige" you're a sucker. There is no real prestige outside of the very top tier (Ivy League, Stanford, Duke, Cal Tech, MIT, etc). |
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Posted: 10/1/2014 8:05:32 PM EDT
[#42]
not everyone is meant to go to college, he would probably be join got community college or welding school if he didn't get a scholarship.
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Posted: 10/1/2014 8:07:59 PM EDT
[#43]
Quote HistoryQuoted:
The real question: Is my kid gonna choose a good field Or Is my kid gonna study liberal arts If you hand them a blank check, you will end up with no say in the matter. |
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Posted: 10/1/2014 8:08:24 PM EDT
[#44]
Quote HistoryQuoted:
Yes. Id do anything for my kids. No matter how senseless! |
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Posted: 10/1/2014 8:10:36 PM EDT
[#45]
No, they can work like i did.
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Posted: 10/1/2014 8:12:54 PM EDT
[#46]
Quote HistoryQuoted:
This is only true is some instances, and without mentioning those instances, you make yourself look pretty ignorant. There are hundreds of great, honorable, and simply awesome professions that require a college degree. Quote HistoryQuoted:
Quoted:
College is a joke and a scam. This is only true is some instances, and without mentioning those instances, you make yourself look pretty ignorant. There are hundreds of great, honorable, and simply awesome professions that require a college degree. Likewise, Your comment makes you look ignorant. Name one profession that could not be mastered through an apprenticeship of varying degrees of commitment? |
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Posted: 10/1/2014 8:13:12 PM EDT
[#47]
Im totally willing to help them out but college is something they have to EARN. Find a job that will reimburse, join the mil, don't go to an outrageously expensive school. I would not like to see them go deep in debt though. We do have 529s for them and that will help.
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Posted: 10/1/2014 8:13:26 PM EDT
[#48]
Quote HistoryQuoted:
This is only true is in some instances, and without mentioning those instances, you make yourself look pretty ignorant. There are hundreds of great, honorable, and simply awesome professions that require a college degree. Quote HistoryQuoted:
Quoted:
College is a joke and a scam. This is only true is in some instances, and without mentioning those instances, you make yourself look pretty ignorant. There are hundreds of great, honorable, and simply awesome professions that require a college degree. Do they teach spell check in college?
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Posted: 10/1/2014 8:17:19 PM EDT
[#49]
Quote HistoryQuoted:
Truck, yes. House, no. |
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Posted: 10/1/2014 8:18:19 PM EDT
[#50]
Quote HistoryQuoted: This is only true is some instances, and without mentioning those instances, you make yourself look pretty ignorant. There are hundreds of great, honorable, and simply awesome professions that require a college degree. Quote HistoryQuoted: Quoted: College is a joke and a scam. This is only true is some instances, and without mentioning those instances, you make yourself look pretty ignorant. There are hundreds of great, honorable, and simply awesome professions that require a college degree. College is necessary for Doctors, Engineers, etc. You know, professions that actually require years of study. Beyond that, it's a waste of money. |
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