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They didn't have a college fund but my dad fully paid for me and my siblings undergraduate degrees. I paid tuition for my master's degree but my dad covered my living expenses during that time (only an extra year on top of my undergrad).
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Yes, but it was drained before I finished high school. It all worked out- I made my last student loan payment this year!
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Yes, they paid for undergrad for me and my 2 brothers.
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Nope! I'm one of 6 kids, so the didn't ever help with tuition and helped for a few specific things related to living expenses. I took out loans for tuition outside of a few small scholarships, and always worked crap waitressing/admin jobs to pay my own living expenses. My parents paid for my cell phone and my car insurance and that's it.
I think I graduated with only 25k in loans which is nothing compared to some people. However, I deferred my loans while I worked full time and went to grad school part time, so now a million years later, I still owe 10k, haha.
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My mom fully paid for all of us. She had some saved and then just paid what was needed at it came up.
We will fully fund all our kids as well.
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Yep. For all 3 of us kids. Same for my in laws. It's a huge blessing for sure.
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Yes, for all of us as they didn't want school to be a financial burden. I paid for my sixth year at my third school (but it was my cheapest program). I know I was incredibly fortunate and I may not have gone to post-secondary if I hadn't had that money because the thought of how much it was made me stressed out. I paid for my housing and food with a part-time job. I plan to do the same for our child(ren).
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No, they are not big planners but they did help me. I had a lot of loans and prioritized paying them off. My in laws paid for most of my husband's schooling and give us money here and there for our son's savings. I'd still like him to have minimal loans, they taught me important lessons. I just don't want him to have overwhelming debt like I did if we can avoid it.
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My grandparents (who hadnt gone to college-- my grandpa didn't even graduate from high school) had a fund for us for college, and now my parents have put aside money for a college fund for their grandchildren to pay it forward. My parents did help my brother with law school as well (my grad school is paid via a fellowship)
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No. School expenses were all on me, and it was a huge struggle. There were times I didn't think I'd be able to make the payments for the next semester and borrowed from a relative until the financial aide came in.
We are working hard to save as much as possible for our LOs.
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Yes but I only accepted their money for my first year. After that I made enough from working to pay my own way, though my parents would still occasionally take me grocery shopping and let me live at home rent free during school.
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Nope, I had to take out loans. Sucked, but I made due. Still paying on them now and so is DH.
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No, both my parents and I had to take out loans.
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No, but my dad works at a private college and we all got free tuition there. My parents did pay for room and board but I'm not sure if they had specific money saved for it.
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Yes they sacrificed and saved and we went without a lot of other things growing up because it was a high priority for my parents to pay for our higher education. They paid for undergrad for me and my brother at a state school which included tuition as well as the other expenses (books, room and board, etc). I did work all four years of school to help with other expenses
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No, I had a full ride scholarship for undergrad and came out debt free. I took out loans for dental school.
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Yes, sort of. When my brother and I were really young they started to put some money away into a life insurance/education fund, but times were tough and they weren't able to continue to contribute to it. Thankfully, I ended up getting both undergrad and graduate school fully paid for through the military, otherwise it would have been a struggle financially, even with the scholarships I had been offered. I did later use the money (about $3500) as part of a down payment on my first house. My brother is still paying off loans in his early/mid-30s because he was never eligible for a scholarship. DH and I are contributing to LO's fund right now and what we put in it is matched by the government up to a point. Yay, "socialism!" We don't want our kids to struggle financially for decades like our sibs.
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Yes and no. I had a nice scholarship taht covered some of my costs. And I applied for and took all available federal grants and loans. But my mom paid for the remainder of my tuition, room and board. I had a couple part time jobs and summer jobs that paid all of my spending money, travel expenses, car insurance and books. So I left college with a reasonable amount of debt. But then grad school was all on my own and I racked up a lot of debt.
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No. They gave me about $1000 gift between high school graduation and college graduation.
I was the first one to go to college so that was an accomplishment in itself. My younger sister went to college and we both knew we would have to take loans out and pay for it ourselves.
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My mom did not have an actual fund set up for me, but she footed the bill.
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