I overheard this conversation:
Person 1: "My husband is upset because I took out a loan for my son to go to college."
Person 2: "Oh, that's rough."
P1: "I know, right? I mean, it's not my fault he wants to go to a really expensive school. I can't help it that he doesn't want to go to UNL. I mean, what am I suppose to say, 'No'?"
P2: "Right! I mean, he's grown up, you have to let them go and make their own choices."
P1: "I guess this is just the point where you hope you've raised them well enough that when they graduate they'll help pay some of the loan."
Anyone else's jaw on the floor? I just kept my mouth shut.
Right now we have no extra cash to put away for Sam's college. Do I want to help her future education? Yes! But I'm not going to put myself in a shaky financial situation to do so. There are other ways.
At this point, Jer and I have learned and decided the following:
1) We will do our best to have a college fund for our kids
2) If we don't have enough (or any) we will not be co-signing anything (I appreciate that my parent's did that for me, but didn't like the weight of their credit and financial liability being in my hands)
3) Even if our kids have more than enough money to pay for college, they will not know how much they have waiting for them. I love my husband and brother, but if any of our kids are like them, such security will only produce apathy in their studies.
What are your plans for your kid's college? If they already left, what advice would you give?
- Nebraska, United States
- A would-be stay at home mom working full-time as a teacher. I teach at my old Highschool, working side-by-side with my own teachers. I blog to keep the Texan grandparents updated and chronicle our life for future reference. (In other words, I don't have a real baby-book or diary.) Comments make my day. Thanks for stopping by! kimlepper at gmail.com