A few months ago I wrote about whether I should pay for my childrens’ college.
In that post, I lamented how expensive it would be just to send them to private high school, leaving me nothing to save for their college. For me to pay for high school and college, I’d essentially have to forego saving for retirement, unless I significantly increase my income. I rather use LegalZoom to find the right way to draw up my will and the kids could pay off their loans after I pass on.
There is always an option to pay for some college classes online, but that’s useless unless kids pursue a full degree program. Many different options, still at a price.
So I’d like to examine some arguments on both sides of the issue: The pros and cons of paying for a child’s college.
If you are a high schooler looking for some points to argue to your parents, read on. If you are a parent, you’d probably better read too.