for educational purposes.
Thomas and I have been having some interesting discussions with other parents. He and I basically feel that we should be responsible for their entire undergraduate education. Yes, student loans are available, etc...but the rising cost of education coupled with the decreased value of a bachelor's degree today in terms of financial earning power really has us feeling that the minimum that we owe each of our children now is a bachelor's degree. The kids should have to work in the summer to save up for incidentals, but we feel that tuition and on-campus housing should be our responsibility. Anything beyond that can be theirs.
Gone are the days of the $27.50/credit hour tuition. Our state university here is the cheapest in the state and they're up to $160/credit hour...plus outrageous fees per credit hour for every little thing. Attending a more reputable university would put them into more debt than would be worth paying back on a salary that they could earn with a bachelor's degree. We want to provide them a sense of individual responsibility for the extras but with a relatively debt-free start at least when they get done with ugrad.
It appears we are in the minority around here in our views. How do you guys feel? If money were no object (which is not the case here, btw in case you are getting the wrong idea!) would you finance your child's ugrad coursework?
kris
Thomas and I have been having some interesting discussions with other parents. He and I basically feel that we should be responsible for their entire undergraduate education. Yes, student loans are available, etc...but the rising cost of education coupled with the decreased value of a bachelor's degree today in terms of financial earning power really has us feeling that the minimum that we owe each of our children now is a bachelor's degree. The kids should have to work in the summer to save up for incidentals, but we feel that tuition and on-campus housing should be our responsibility. Anything beyond that can be theirs.
Gone are the days of the $27.50/credit hour tuition. Our state university here is the cheapest in the state and they're up to $160/credit hour...plus outrageous fees per credit hour for every little thing. Attending a more reputable university would put them into more debt than would be worth paying back on a salary that they could earn with a bachelor's degree. We want to provide them a sense of individual responsibility for the extras but with a relatively debt-free start at least when they get done with ugrad.
It appears we are in the minority around here in our views. How do you guys feel? If money were no object (which is not the case here, btw in case you are getting the wrong idea!) would you finance your child's ugrad coursework?
kris
Comment