Posted in Education, Money, Tough Topics

Saving for kid’s tuition?

How many parents are actually planning on paying for their child’s college tuition? I’m genuinely curious because it feels like I’m alone in not planning on paying for it 😅 please no judgemental comments. It’s not that I don’t care about their education, it’s that neither my parents nor my in-laws paid for my husband and my education, and I believe it means more to a person to earn their way.

  • Victoria
    Sep 03, 2018

    I am, I’m not gonna cover the full thing because college is expensive but I want to give her a little help so she won’t be as much in debt after all it’s for a good cause.

  • Anonymous
    Sep 03, 2018

    I know how hard it is by yourself so I want better for my kid.

  • JJ
    Sep 04, 2018

    I will do as much as I can. I don’t allow people to buy my children useless presents that will just be thrown in a landfill, if they want to get my kids something, they can help my kids get an education through the college funds I started each time I was pregnant. I’m very simplistic, I don’t need a lot of stuff in my life or home, so when others are out there buying lots of decor for their house that they see on Pinterest, a huge new SUV, tropics vacation, the snazziest new toy, or trendiest outfit, I’m putting that money away for my kids.

  • Stephanie
    Sep 04, 2018

    My husband and I are buying our sons first car and have saved 5k as a college going away gift but the best idea is to stear them into getting scholarships and using fasfa. We would love to pay for our sons tuition so it’s not a burden on him in life but this is a decision you make at a very young age. Setting up stocks and bonds or investing and accruing until they are 18.

  • Anonymous
    Sep 05, 2018

    We are doing what we can. However, we are prioritizing retirement savings for ourselves because there are no scholarships for retirement. Our income bracket is pretty high and we're still struggling.

  • Lauren
    Sep 14, 2018

    As a financial advisor, I am not committed to paying for my daughter's college. I can't take a loan out for my retirement so saving for ourselves is our priority. That being said, we are investing in life insurance so when we do pass, our child(ren) will have an significant inheritance, more than enough to pay off student loans. We are still saving what we can for our child, but our savings is first.

  • Allison
    Sep 14, 2018

    We are saving for our child's education. I can't control the extent to which she makes the most of this gift to her, but at least I know that we're putting our dollars towards what we deeply value in terms of helping her become a successful, independent adult. Being saddled with high student loan debt is no fun.