Comments on: How to Raise Money Smart Kids

By: Neal

Neal — Fri, 22 May 2009 03:42:33 +0000

SJ, Good point. Yes, his folks did pay for his college but they did so consciously and bought the best product for the least cost. I don’t have a problem with that….

Jocelyn,

You are so right. I was amazed when my daughter got accepted to the same state college I attended and I saw it would cost up to $18,000!

It’s amazing and terrifying – especially for folks with lower financial means. You make excellent and important points. Thanks!

By: Jocelyn

Jocelyn — Fri, 22 May 2009 00:48:51 +0000

A couple things to note – the cost of school, even at state schools, has been rising faster than inflation for quite some time now. Between that and the rising cost of textbooks, meeting the bare minimum of books, housing, and tuition, is a more expensive proposition.

For students who come from less economically comfortable backgrounds, even state schools can be out of reach because of cost or because families may depend on students to contribute to the family income.

Lastly, for students who want to pursue public service and not an MBA, the earning potential is simply lower. School is generally a more expensive investment now.

By: SJ

SJ — Thu, 21 May 2009 15:32:24 +0000

I will point out that his parents did pay for his entire ugrad (essentially…) And ignoring the hit his parents took in their savings etc.

I say this while noting my parents did contribute much to my ugrad; 2 years tuition/room/board + 1.5 yrs tuition. (For an in-state awesome public school of course…)

I’ll take this back if he saved up the money in HS or what not =)