crowny2 wrote:
I would also say if my parents had the $ to pay for it, then they should (which they did) but for those that don't/won't it is actually better for them and frankly the economy.
But that's part of it, define if parents had the $$.. I'm retiring 3yrs later and not taking nice vacations now to have the money. Others I know (and maybe me) will be taking loans out on our houses to pay for it.
The system is setup with these things called Parent Plus loans.. Nasty Nasty things and if you don't know the details, they are a loan the PARENT takes out. Almost all schools show them on financial aid and act as if they are a good thing. From what I have read, those loans are also not covered as again they are the parents loan.
So when you say if the parents have the money.. it's not as clear cut what you mean. Some find ways to afford it, others put the burden on their kids. I work with people who make double what I do and don't plan on paying anything for their kids college. They feel its their kids responsibility.
I'm not upset about what this person did, its noble. I just wanted to put some discussion out there about it, and how it causes some issues and problems. Through a few donations, NYU just announced medical school for all incoming freshman and on will be free. There are different ways of doing things.
His pay it forward is nice, but just coming out of school, even with no debt these students are not going to be in a position to pay for incoming kids tuition, for awhile.
Just Triing
Triathlete since 9:56:39 AM EST Aug 20, 2006.
Be kind English is my 2nd language. My primary language is Dave it's a unique evolution of English.