This is the result of a combination of factors -- including the growth of social media, social services, helicopter parents, along with a society that puts little emphasis on responsibility.
When I received my driver's license at age 16 (way back in the 1970's) , one of the main benefits was that I was able to substantially increase my wo…
This is the result of a combination of factors -- including the growth of social media, social services, helicopter parents, along with a society that puts little emphasis on responsibility.
When I received my driver's license at age 16 (way back in the 1970's) , one of the main benefits was that I was able to substantially increase my work hours. 90% of the money I earned at work was put aside to pay for college.
Many of today's high school students expect their parents to pay for college. Or - even better - they can simply take out loans with the expectation that the government will eventually waive their debt.
I'm in my 30s & I started working age 9. My parents told me they weren't going to pay for college & they contributed very little. I saved up money by working thru HS & paid for most of my undergrad. Med school---I took out minimum loans but it was still $300,000. Some of my (dumb) classmates took out max loans in med school & gambled in casinos with that money. I wish I were joking! We would watch them blow tons of money at casinos.
My husband & I paid off that $300,000 loan within 5 yrs. we are very disciplined. We don't spend any money. We have almost paid off the mortgage which is close to $900,000.
With my (almost 3) kids, my husband & I have already decided: they will work starting age 15/16. No allowances. They already do required chores & we dont give them money. they will go to either community college or no college. They can then transfer to a state public university. Unless they manage to get scholarships to go to a private one. We are not paying. We may pay very minimum. We are not co-signing on a bunch of loans. They are not going to go to any leftist brain-washing college. I'm just not going to co-sign loans.
This is the result of a combination of factors -- including the growth of social media, social services, helicopter parents, along with a society that puts little emphasis on responsibility.
When I received my driver's license at age 16 (way back in the 1970's) , one of the main benefits was that I was able to substantially increase my work hours. 90% of the money I earned at work was put aside to pay for college.
Many of today's high school students expect their parents to pay for college. Or - even better - they can simply take out loans with the expectation that the government will eventually waive their debt.
I'm in my 30s & I started working age 9. My parents told me they weren't going to pay for college & they contributed very little. I saved up money by working thru HS & paid for most of my undergrad. Med school---I took out minimum loans but it was still $300,000. Some of my (dumb) classmates took out max loans in med school & gambled in casinos with that money. I wish I were joking! We would watch them blow tons of money at casinos.
My husband & I paid off that $300,000 loan within 5 yrs. we are very disciplined. We don't spend any money. We have almost paid off the mortgage which is close to $900,000.
With my (almost 3) kids, my husband & I have already decided: they will work starting age 15/16. No allowances. They already do required chores & we dont give them money. they will go to either community college or no college. They can then transfer to a state public university. Unless they manage to get scholarships to go to a private one. We are not paying. We may pay very minimum. We are not co-signing on a bunch of loans. They are not going to go to any leftist brain-washing college. I'm just not going to co-sign loans.