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ANNIE1114 SparkPoints: (61,246)
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7/20/11 6:11 P

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I would not have the pension that I have today if I hadn't taken out some student loans. I don't think they are a bad thing. IF and this is a big if - the student majors in something that will get him or her a job. Also, if the student is responsible enough to do the college work and pay the loans back after her or she graduates. The only thing that I can see that might be a problem with waiting is the child could get side tracked. However, you do know your children better than anyone else.

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MBSHAZZER's Photo MBSHAZZER Posts: 18,395
7/19/11 2:31 P

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I did not learn anything in college or graduate school that I have ever needed / used on the job. However, both were important for networking and getting my foot in the door for jobs. I have a great job now and I would never have even gotten the interview had I not gotten an MBA.

"Success is not final, failure is not fatal; it is the courage to continue that counts" - Winston Churchill

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HOUNDLOVER1's Photo HOUNDLOVER1 Posts: 8,097
7/19/11 2:15 P

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Linda,
your perspective is so helpful as well. It is very different from my own but gives me lots to think about. It raises the whole issue of whether one should go to college to get a higher paying job or to live one's dream or a combination of both. Both perspectives are valid in some ways. With my daughter I want to know that whatever she decides is her decision and not mine. My parents strongly encouraged me to pick a major that would allow me to earn a good income and I compromised. Instead of majoring in psych or animal science/animal training I majored in education with the goal to become a teacher. 25 years later I am now an animal trainer and fitness coach with no need for a college degree, although I am using a lot of the study skills and logical thinking skills I learned in college.
I'm trying to be open-minded to see the opportunities that my daughter has that are unique to her gifting and situation but also be realistic. Her passions are athletics, art and music and very few people succeed in having successful careers in those areas.
I appreciate having this be a sticky and getting a lot of input. Thanks for everyone who shared their perspective. Hopefully many people will benefit from it.
I have recently read the new book by Jillian Michaels "Unlimited" and it addresses some of these same issue of life goals if anyone is interested.
I see using one's giftings and life skills more and more as a way to diversify investments just like buying gold or real estate used to be (and maybe still is).
Birgit

Edited by: HOUNDLOVER1 at: 7/19/2011 (14:19)
You can talk to God all you want and that's great, but the changes happen when you start listening to him.

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FLUTTER34 Posts: 680
7/18/11 6:15 P

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We were able to afford tuition and books for our 6 children 55 to 40 in their day and the education served them well. Those who wanted to go to out of town Universities worked for room and board the same as I did.

I fear my grandchildren will not have the same opportunities. Though my children are doing well the cost is becoming too cumbersome.

If we prepared our children throughout the lower grades and did not need remedial courses presented we could cut costs. I lay blame for this on schools, from administration to classroom personal but mostly on parental disinterest.

Prepare our children. We are ruining our country by not educating them. Flutter

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COPPERPENNY45 Posts: 6,162
7/18/11 10:47 A

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(CAPS FOR VI)

emoticon WHAT I'VE NEVER UNDERSTOOD IS WHY HIGH SCHOOL ISN'T MANDATORY. WHEN I WORKED AT A PRISON THEY MADE THEM GET A GED IF THEY DIDN'T HAVE ONE. WE NEED TO GET BACK TO BASICS WHEICH WOULD INCLUDE CLASSES IN DAILY LIVING. THEY NEED TO LEARN HOW TO BUGET & LIVE WITHIN THEIR MEANS. SO MANY THINK OF COLLEGE AS THEIR "PARTY "TIME" I THINK 60 HAS THE RIGHT IDEA. WHEN I WAS GROWING UP (I WAS BORN IN 1945) MY FAMILY DIDN'T BELIVE THAT GIRLS NEEDED TO GO BEYOND 8TH GRADE & GETTING MARRIED, WHILE IN YOUR TEENS, WAS THE THING TO DO. I GOT MARRIED AT 16 & MY M-I-L MADE ME QUIT HIGH SCHOOL, AFTER I WAS PROMISED THAT I COULD FINISH. YEARS LATER THE 2ND M-I-L (YES, 1ST MARRIAGE FAILED BECAUSE HE "WAS MISSING OUT" ON HIS LIFE & "WASN'T READY TO BE A HUSBAND/ FATHER (OF ONE) SAID I WAS TOO STUPID TO GET A GED. SO A COUSIN, HIS WIFE & I WENT TO GED CLASSES. THEY QUIT BUT I DIDN'T. AND I DID GET MY GED! SO MANY EXPECT THEIR PARENTS TO PAY FOR EVERYTHING & THE PARENTS ARE HAVING A HARD TIME JUST SUPPORTING THEIR SELVES. I REALLY THINK IF THEY PAY FOR THE MAIN EXPENSE THEIR SELVES THEY LEARN MORE. emoticon

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MBSHAZZER's Photo MBSHAZZER Posts: 18,395
7/18/11 9:50 A

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I went to college back in the days when the state university was actually still affordable. I had the option of living at home and commuting to save even more money, but my parents insisted that I live there and they were willing to pay for it. I'm glad they did because living away from home was invaluable "life learning".

If I recall correctly, tuition was less than $2k a semester. I don't recall how much room and board was, but I think that my folks said their total outlay for tuition, room and board for me was about $8k per year (this would have been in the early 1990's). My parents started saving for college for me and my brother from the time we were born, so they were able to pay for it with no problem. I was responsible for books and living expenses and I always worked.

That said, I did not major in anything "useful", so several years later, I went to graduate school. Fortunately, my company paid for most of it. I went to a private university and at the time (~12 years ago), the cost was $900 per credit, so $2,700 per class. I think I ended up owing about $10k in student loans. All paid off by now. The grad degree was definitely worth it.

I do believe that the cost of university has risen faster than inflation. I just did a quick check on line and it seems like the annual cost for an in-state student at my univeristy is about $25k. HUGE difference from $8k. Not sure it would be worth it for anything other than a nursing or pharmacy degree.

"Success is not final, failure is not fatal; it is the courage to continue that counts" - Winston Churchill

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60SIXTY's Photo 60SIXTY Posts: 24,908
7/18/11 7:00 A

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I think this is an interesting topic, so I applied a "sticky note" to it.

I did not have any debt when I graduated from college, but I had to live on a tight budget.
My own 2 daughters:
Both began working when they were 15. Friends criticized me as they had to drop some school activities. They saved money and bought most of their own clothes. I bought them one pair of good athletic shoes & one dressier outfit each year. Every thing else was either Christmas or birthday gifts. I was lucky that they made tasteful choices in clothes. They did not have cars before attending college - see below.
The oldest had a good scholarship when she started. she was third in her high school class without trying. In addition, she held a job while in school. I insisted that each of my girls take out a personal college loan - This doesn't have to be huge, but I felt it would help them be committed to their end result.

I insisted that they major in something that led to a job. The oldest wanted to major in music. The choices I gave her were to have a double major: either "music-education" or "music-business' were what we narrowed it down to. The other daughter majored in accounting.
We realized it could mean going to school a 5 or 6 years to complete.

Our opinion - get started in school - even if it wasn't full time.
My experience with other family & friends - if they work for a few years - they never start their education. Other focuses such as buying a house and starting a family take over.

My youngest is now 31. Both of the girls have paid off their debt. Because of planning, we were able to pay as we go and as parents had no debt. I thought I would have to borrow against my 401b, but didn't. We never had high paying jobs. It wasn't until my girls were in college, that my job started paying more. I read how much nurses make on either coast - I made about half of that.

Other tips:
Both girls took a class or two on-line each summer.
One of our biggest expenses was a car and an apartment for a daughter who ended up at a regional campus that didn't have dormitories. Our other daughter lived in a dorm at a state university and didn't need a car.


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HOUNDLOVER1's Photo HOUNDLOVER1 Posts: 8,097
7/18/11 1:50 A

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Sandy,
thanks for your feedback. I saw that you are from WA also. We are in Eastern WA and the article I referred to was in the Spokesman Review (Spokane Paper) and they were comparing tuition costs for WSU and U of WA among others.
Birgit

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SRIVERS1's Photo SRIVERS1 Posts: 10,121
7/18/11 1:44 A

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I think you are right. I did get a student loan but, I also was working at the time. It was a great leaning experience for me and helped me after I graduated.

I feel today the kids should have a job and save money for College. It also gives them time to figure out what they want to do. Work in the field that you want to go into first & see if it's what you want. You will also save yourself money in the long run.

I do agree with you and don't think you are in left field a lone.

Sandy

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HOUNDLOVER1's Photo HOUNDLOVER1 Posts: 8,097
7/18/11 1:32 A

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I just read an article in our local paper about the rising cost of a college education. Almost everything I read assumes that it is the right thing to go into debt in order to get a college degree.
While I was able to get a college degree myself (without having to get loans) for my teenage daughter I'm not sure that loans are worth it. Many degrees don't provide an automatic source of income upon graduation (the famous English major and many others). Student loans can not be gotten rid off through bankruptcy either.
Wouldn't make it more sense for many kids to work for several years, save up some money and get life and job experiences before going to college? Many kids might find out that there are great things that they can do with their lives without college like starting a business.
My husband is a college professor and agrees with me. Are we out in left field on this one?
Hoping to hear everyone's input.
Birgit

Edited by: HOUNDLOVER1 at: 7/18/2011 (01:35)
You can talk to God all you want and that's great, but the changes happen when you start listening to him.

BE THE CHANGE YOU WANT TO SEE IN OTHERS.




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