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pmpkn087
Life is good...
Member since 9/05 18504 total posts
Name:
Stephanie
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Re: spinoff to 529 - who is paying for college?
Posted by dandr10199
Posted by Diane
there was drama regarding this topic
Why is this a drama topic? I missed it the last time it was posted.
I don't remember either. However, I can see how it could potentially be dramatic.
Sometimes, I think, people are unable to have an adult converstaion without either being offended themselves or pointing out the fact that a statement could "potentially" be offensive to "someone" and therefore is WRONG. Then the drama can stem off of that post and a whole bunch of people can back peddal and say "that's not what I meant." blah blah blah.
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Posted 3/6/08 4:33 PM  |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: spinoff to 529 - who is paying for college?
We are lucky, my parents are well off in their retirement (wasn't like that when I grew up) and they have set up 529 accounts for their grandkids.
Once daycare is finished, we plan to inest that money (for ourselves) and we can tap it for college if we need to.
You can take loans out for college, you can't take loans out for retirement.
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| Posted 3/6/08 4:34 PM |
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Janice
Sweet Jessie Quinn
Member since 5/05 27567 total posts
Name:
Janice
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Re: spinoff to 529 - who is paying for college?
I feel where there is a will, there is a way.
Out of my mothers 6 that have graduated hs, so far all 6 of us have received scholarships. We knew we needed one in order to go to school.
Some were big, some were smaller...
If my kids want to go to a state school, hopefully we can help cover the cost. Anything beyond that, I really can't see me paying for that.
One of my sisters is a nun, all my kids get 1/2 off at her university...so I guess that will be there oos private school option.
I contribute to my retirement fund...
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| Posted 3/6/08 4:34 PM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: spinoff to 529 - who is paying for college?
We have a 529 plan and we will help with their educations. I will not finance 100% of their education. Students Loans will be part of the package.
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| Posted 3/6/08 4:34 PM |
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Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
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Re: spinoff to 529 - who is paying for college?
Well another thing DH and I have thought about is that he is a cop and very often being NYC cops retire so young they get jobs as security, etc. He knows a few people who took jobs working in security at college like NYU, etc. and their kids basically go to school for free now. We have definetely though about that also. he's gonna need something to do b/c DH will be retiring from the NYPD when he is around 42 and our kids will only be in middle school...he ain't sittin home eatin bon bons 
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| Posted 3/6/08 4:37 PM |
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Lillykat
going along for the ride...
Member since 5/05 16253 total posts
Name:
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Re: spinoff to 529 - who is paying for college?
I was very lucky my parents paid for my undergraduate and law school degree. My DH on the other hand had to work over 40 hours a week to pay for college (and was lucky to get some scholarships) and is now paying back his law school loans alone - his parents never gave him a dime for any of his schooling or for living expenses during that time.
We both feel very strongly that we do not want to burden our children with the debt that school leaves them starting out with. We plan on paying for their schooling - but we hope that they will get scholarships to help us out in that respect.
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| Posted 3/6/08 4:54 PM |
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johnsae
Sip.
Member since 3/06 18677 total posts
Name:
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Re: spinoff to 529 - who is paying for college?
My IL's are paying for her entire college education. We are blessed.
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| Posted 3/6/08 4:58 PM |
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karacg
Babygirl is 4!
Member since 5/05 17076 total posts
Name:
Kara®
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Re: spinoff to 529 - who is paying for college?
Posted by pmpkn087
Posted by dandr10199
Posted by Diane
there was drama regarding this topic
Why is this a drama topic? I missed it the last time it was posted.
I don't remember either. However, I can see how it could potentially be dramatic.
Sometimes, I think, people are unable to have an adult converstaion without either being offended themselves or pointing out the fact that a statement could "potentially" be offensive to "someone" and therefore is WRONG. Then the drama can stem off of that post and a whole bunch of people can back peddal and say "that's not what I meant." blah blah blah.
Look at the bottom of the page - a few previous posts about the topic...
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| Posted 3/6/08 5:00 PM |
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karacg
Babygirl is 4!
Member since 5/05 17076 total posts
Name:
Kara®
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Re: spinoff to 529 - who is paying for college?
Also - I had max. student loands for 4 years of college. They were a joke when it came time to pay them off -- like $200 a month. Compared to what I was making, it was more a bother than a hardship.
Also more cost effective to keep $$ in investments and pay off a student loan - your interest rate on investments is most likely much higher than the student loan interest rate.
Most important - be able to take care of yourselves in old age. Your kids have a lifetime to pay back a student loan, but having to cover any expenses for you or DH will be a much bigger hardship no matter what stage they are at in their lives. So if you can only save for one, save for retirement.
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| Posted 3/6/08 5:05 PM |
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JenBenMen
party of five
Member since 9/06 11343 total posts
Name:
Jen
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Re: spinoff to 529 - who is paying for college?
I plan on paying it like my parents did for me
I am paying for my law school education myself
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| Posted 3/6/08 5:08 PM |
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ml110
LIF Adult
Member since 1/06 5435 total posts
Name:
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Re: spinoff to 529 - who is paying for college?
Posted by karacg
However, I think having a student loan makes the child more responsible and vested in his/her education. So she will have to take out student loans.
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this is how i feel, and what my parents did for me. they made my sister and i get loans out for one year of our undergrad school, and they paid for the other 3. its not that they couldn't pay for all 4, but its that they wanted us to be invested in our education, because when you have money invested in something and know you're paying for it, you take it more seriously. it didn't burden me much at all- i have about 10 K in loans, which i pay back at $130 a month.. its nothing.
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| Posted 3/6/08 5:18 PM |
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Moehick
Ready for the sun!
Member since 5/05 30339 total posts
Name:
Properly perfect™
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Re: spinoff to 529 - who is paying for college?
We will give as much as we can...if it is 100% we would give it
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| Posted 3/6/08 9:13 PM |
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btrflygrl
me and baby #3!
Member since 5/05 12013 total posts
Name:
Shana
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Re: spinoff to 529 - who is paying for college?
it's been taken care of by family
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| Posted 3/6/08 9:15 PM |
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Lucky
Growing up fast!
Member since 4/07 12683 total posts
Name:
Dawn
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Re: spinoff to 529 - who is paying for college?
Posted by Marcie
We would like to be able to pay for our childrens college.
Hopefully we will be able to 
ITA. I'd like to do what my parent's did for me; they paid for my Undergraduate college and I paid for my Master's & PD. I never had to take out any loans.
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| Posted 3/6/08 9:21 PM |
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mcl916
my two loves
Member since 10/06 5133 total posts
Name:
Megan
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Re: spinoff to 529 - who is paying for college?
Not a parent yet, but this is something DH and I have talked about a lot. We will definately set up a 529 account as soon as the baby is born and we will contribute as well as my parents. We both agree that we will cover state tuition costs (plus anything additonal in the account), but if they want to go to a $$ private school they will be either working their butts off to get a scholarship or coming out with student loans. I graduated from a state school with only $5k in loans (with some help from my parents and a full ride one year) and I would hate to see my children with huge loans when they get out.
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| Posted 3/6/08 9:22 PM |
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DandN
Twins are here!
Member since 3/06 3597 total posts
Name:
Deirdre
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Re: spinoff to 529 - who is paying for college?
I'm a professor so DD gets free tuition if she attends my school. If she doesnt want to go there, my college has a scholarship program where they will pay her tuition at another school. Hopefully she'll get that.
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| Posted 3/6/08 9:22 PM |
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