I'm sure this has been asked before, but the home purchase survey got my curiosity going. Not really sure how to structure this poll, but here goes...
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They paid almost completely for college, but not at all for grad school.
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4 years of undergrad cost $100k when I attended. I had loans of $17k when I graduated. My parents paid the balance.
When I went to grad school, I took advantage of tuition reimbursement.
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They paid 100% for my college education and I'm thankful for that every day!!
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No.
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I still to this day don't know how much my parents paid, but they contributed to my student loan payments for a couple of years, and now I'm paying them on my own. But at least it's five figures and not six! I have no plans for grad school, phew.
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I voted that my parents paid a majority of the total cost, but it was probably more like half. My job paid for grad school.
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They paid for private school K-12 and some undergrad. None for law school.
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For my college education, they paid for some, but I also had grants and took out loans (which I paid off within the first year of graduating).
For grad school, I paid everything myself, with help from my previous company.
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My parents insisted on us attending catholic school through high school and paid for that. They also paid college tuition and room and board, which I am so so so grateful for. I kind of wanted to say this on the house purchasing poll- while we didn't get any help buying our condo, the fact that neither DH nor I have any student loans is a huge factor in us being able to buy on our own.
They would not have paid for grad school but probably would have helped a little as a graduation gift.
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They paid nothing for school but they paid the interest on my loan for the 5 years I was in school which was about $30 a month.
School is considerably cheaper here though.
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They paid room and board but I paid for my tuition
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Mine paid about 1/4 of my college tuition.
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They paid for private school 6-12, and 4 years of undergrad. I never did grad school but my parents made it abundantly clear from the start that I got 4 years of college and if I wanted more than that it was on me.
I think paying in full for my college education was the single greatest thing parents could have done to set me up for financial success in the future. Coming out of college and earning good money while being debt free was such a blessing. It's why we intend to do the same for our children.
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My parents immigrated here (both escaped) from Vietnam so my siblings and I were the first ones in our family to go to college. My parents' responsibility was to find jobs, buy a house and feed us, so a college education wasn't something they could afford. Their highest education was high school so college was something new to them. My parents gave me $1,000 over the years to help out with school loans. My siblings and I knew this, so if we wanted to go to college, we knew we would have to take out loans.
Given this info, we knew financial help for our weddings or first home was non-existent. If we were in financial trouble, my parents could try to help us out, but I don't think any of us would ask our parents, since they have their own money issues.ETA: My posts was rather long for this, but I feel like I have to explain why my parents couldn't help us with student loans or other big milestones. My parents wanted to leave VN so that we could have more opportunities for them and us. It was a great sacrifice considering the risk and dangers of escaping from VN.
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My grandparents paid for my college. It was under the guise of a loan with a smaller percentage of interest compared to student loans. After I payed them back, they gifted me the total amount.
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I went to public high school. They paid everything my scholarship didn't for undergrad and offered to loan but not pay for graduate school (I would have to pay them back but they wouldn't charge interest). I ended up with my graduate education fully funded however. I hope that we will be financially stable enough for the same arrangement for our daughter
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My dad paid my living expenses while I was in undergrad. I had a full ride for tuition/books
I paid for everything for grad school
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It's complicated but I voted they paid for some a minority and they paid for none. My mom is a widow and she worked hard to pay our mortgage and put food on the table. Both my brothers dropped out of college to help pay the bills when my dad suddenly passed away. I was the only one to go to and finish college. My brothers helped a lot. College tuition was paid by grants and student loans and me working PT for extra spending cash. My eldest brother paid for my housing all four years and the other gave me books and spending cash when he could.
I am eternally grateful for such amazing older brothers. -
They completely paid for private school 6-12 and college. They also helped out a ton with living expenses while I was in law school but I paid the tuition with student loans.
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My parents paid for my college tuition, including room and board my freshman year. They didn't want me focused or worried about anything other than school.
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@bluestriped bee: x1000.
@Truth Bombs: you're absolutely right. That is an incredible blessing. And an incredible luxury a lot of Americans can't afford.
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They paid the tuition and fees that were not covered by scholarships I earned, and some living expenses. I went to a out of state, state university. My 3 siblings all went to private universities and my parents paid a portion theirs, but all still had student loans when they graduated.
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Not a stitch of it!
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@Truth Bombs: agree with you 100%. I feel obligated to pay it forward for our LOs when the time comes.
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my parents paid for me throughout my 4 years at a public university: tuition, food, everything. i attended public school entirely my whole life. DH's parents paid for private school (the cheapest one in a major metro area because schools were bad) and then paid for his entire public college (jr college and public university). both of our parents saved for it and we each had money left over in the savings funds after we graduated. like @Truth Bombs: it was the greatest thing our parents have ever done for us and i appreciate it even more now almost 10 years after graduating.
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My first year of private university was covered 50% by scholarship and the rest by my parents. Starting my second year, I switched to a public university and I covered tuition, books and 90% of living expenses due to working paid internships. My parents still occasionally bought me groceries and I lived at home for free while I was doing internships.
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They didn't pay for any of it. I was able to get scholarships and didn't have to take out a loan until my third year.
DH's mom paid for private school K-12 and repaid his college loans. He didn't know she was going to repay his loans until he graduated. We hope we can do the same for our LOs.
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My parents did not pay for any of my college. However, they paid tuition for catholic school for K-12.
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My parents didn't pay for my college. I went with student loans and scholarship. They contributed some towards living expenses, but not much. They didn't pay for any of medical school so that was entirely through loans. They did buy me a car during that time though and paid for my cell. In my parents' defense, they had 5 children pretty closely spaced and we all went to college!
I plan to fund college for my children. If they do grad school, if I can help and they are responsible people (which if they are going to grad school I'm assuming they will be?) I will help if I can.
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They completely paid for university. So did DHs parents for his university. We are in Canada though and both lived at home during our university duration. My mom estimates she spent about 30K.
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Not for college, grad school, or med school... But they did pay for me to go to private school as a child and for that I will be forever grateful. They really stretched themselves to try and give me a leg up.
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My parents didn't pay for my tuition or room and board for either undergrad or grad school, but they bought me an old used car before I went to college, and always paid my car insurance and cell phone bills, so they helped a little.
I just have $12,000 left of student loans--yay!
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@regberadaisy: Yes it is. That's why my husband and intend to prioritize education funding in our budget, and a big part of why we are only having two children (because that's how many we feel we can afford to educate).
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Nope! They did pay for health insurance/ car insurance and cellphone though!
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They paid for about 1/5 of my college tuition.
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@Amelieisme: Same situation with us--there are 6 of us (well, we are not close in age) and every single one of us went to college.
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100% of undergrad, none of graduate school. I took out loans for my MSW. They offered to pay for grad school or a wedding. I chose a wedding. In retrospect, that was stupid. At the time, I was like "Oh, I can't take loans for a wedding." No, dummy, but you can have a small, inexpensive wedding and not be saddled with student loan debt for 20+ years. If we are in a position to pay for our children's school, we will do so.
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Yes and I'm incredibly grateful. I hope to do the same someday .
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My parents paid for my undergrad and I'm paying off my grad school loans.
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79 comments