I sort of feel differently about this. It is not our kids fault that our generation has leveraged their generations educational bill.
College is now payback. You have benefitted from goernment policy that accelerated a run up in home prices and now you are being asked to foot a bigger part of your kids bill for education that was equally affected by that same government policy. Give and take.
I don’t think every kid is college material nor do I think it is a value for all kids. I think that the job of a parent is to provide the best opportunity that they can for their children to be successful. If that means helping them pay for med school fine. If it means helping to get them a power saw for his apprenticeship as a carpenter then that is fine too.
What makes little sense to me is parents overleveraging themselves to send their very average children to very expensive schools. It is like a person who can’t swim jumping into a pool to save their drowning child. They really aren’t helping. Unfortunately I have seen this scenario play out far too many times.
I believe the rule of airplanes. Put your own mask on first. Then look to help those around you.
