Are you going to help your kids pay for college?

My dh and I have an 18 yo ds that will be graduating from high school this coming June. We told him that if he went to the local community college that we would pay for his tuition so that he could get an associates degree. We have also told him that he can live here and have use of our truck (it is 16 years old) to get back and forth from school and work. We did stipulate that he did have work, he had to be attending college full time, contribute to the household expenses, gas for the truck.

I have been told by friends that we should not pay for college at all and we should not help out because we did it on our own without our parents help. If you were in our position would you help your kids by doing what we want to do for our son????

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my4kids274

Asked by my4kids274 at 12:50 PM on Feb. 27, 2009 in Money & Work

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Answers (33)
  • We started saving for college from the time the children were born. We had money put in accounts for them every pay check. In addition, every cash gift that my husband and I got as well as cash gifts for the children (up to a certain age) went right into the childrens' college funds. By the time they were ready for college, there was enough in their accounts to pay for it. I struggled when I went to college to have enough money. I didn't want my children to go through that. My husband also put himself through college. Besides not wanting the kids to have to struggle nor to have a huge debt after college, we felt that if the money were there that they would be more inclined to go to college rather than thinking it was too much work between the studying and having to pay their own way. Our sons both had part time jobs to support their cars.
    Bmat

    Answer by Bmat at 12:59 PM on Feb. 27, 2009

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  • yes i will try!
    aliciatron

    Answer by aliciatron at 12:51 PM on Feb. 27, 2009

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  • My kids have college funds. Were paying for college, living expenses, and cars as long as they go to college and get decent grades. No one helped me with mine with is why I do plan to help my kids. I want them to have every advantage possible so they can have better lives sooner then I did.
    gemgem

    Answer by gemgem at 12:52 PM on Feb. 27, 2009

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  • We started a college fund for baby when he was a couple weeks old. It was really hard on hubby and me when he went to college. If I can help my kids in any way, I will :).
    LadyKiki

    Answer by LadyKiki at 12:52 PM on Feb. 27, 2009

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  • well in your situation, your doing it right, i think so.

    if it was my son and i had enough money to pay for his college, i would pay for his tuition only once, and let him know that its only once or else he would have to pay for it himself if he quit and went back.

    i never had parents that offered to pay for anything like that. im glad your nice enough to offer that.
    americansugar80

    Answer by americansugar80 at 12:57 PM on Feb. 27, 2009

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  • of course I will help my daughter pay for college - do your freinds have any idea how much college costs now - I dont want my daughter to have 10 years of paying student loans like I'm still doing
    Anonymous

    Answer by Anonymous at 1:00 PM on Feb. 27, 2009

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  • If the parents can afford to pay and are willing to pay..Go right a head.. But me personally. I do not believe in free rides. They want to have a college Education let them pay for it. They will apreciate it more if they earned it them self.  And any ways once a child turn 18 they are legally grow. Even if you pay for it.They do not have to do what you tell them to. So they could waste a lot of your money.

    louise2

    Answer by louise2 at 1:03 PM on Feb. 27, 2009

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  • We're helping our kids as much as we can. Our son is only 6 months right now, but ever since we got married (4 years ago) we've been putting in $300 dollars away a month for college expenses. Now once we have more kids, i'm sure that number will start dwindling but at least whatever we have will help....
    Anonymous

    Answer by Anonymous at 1:05 PM on Feb. 27, 2009

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  • You should want what is best for your child. Therefore if you are able to help out, then yes, you should. Most parents I know don't even ask as much of their children as you are of your child. Most parents are happy that their kids want to go to college at all these days...Then again most people I know have scholorships...hm.
    SandraB383

    Answer by SandraB383 at 1:15 PM on Feb. 27, 2009

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  • I am the first person in my entire family to go to college. Some have gone to technical schools but not college. I want more and better for my children so I will probably set stipulations like you have for them. I don't want my DD or my future children to have to struggle and decide do I work full time and go to school part time or do I work part time and go to school full time. That is a hard decision to make at a young age. I think you are doing what it right for your family. If he can't live up to his end of the obligations then you need to pull the plug. I wish you and your son all the luck. I hope he take the deal, if he doesn't I don't know how old he will be before he realizes that he made a terrible decision regarding his future.
    coala

    Answer by coala at 1:18 PM on Feb. 27, 2009

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