Speaking of having 3 kids...

iVillage Member
Registered: 03-26-2003
Speaking of having 3 kids...
87
Mon, 04-07-2008 - 3:21pm

Any comments on this editorial that ran yesterday?


http://www.washingtonpost.com/wp-dyn/content/article/2008/04/04/AR2008040403217.html


I really object to the line that says that a family with just two kids is minimalist and "even a little sad."


Any other comments?


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iVillage Member
Registered: 07-17-2007
Wed, 04-16-2008 - 2:27pm

Well, my children are not in danger of qualifying for an athletic scholarship and I never bothered to fill out the paperwork for the DAR, so I guess we will continue to save for our boys' college education.

We all make different choices in our lives. This appears to be one of them.

iVillage Member
Registered: 04-04-2005
Wed, 04-16-2008 - 3:19pm

Not interested at all in working full time.

 

Avatar for mom34101
iVillage Member
Registered: 03-27-2003
Wed, 04-16-2008 - 5:42pm

That's a lot of money for any family to try to save.


I want my kids to have choices beyond our state schools, but I won't be a bit disappointed if they don't go to Yale. ;)

iVillage Member
Registered: 07-17-2007
Wed, 04-16-2008 - 5:51pm
This is the way I look at it. I would *prefer* for my child to go to a good in state school. However, we are saving as if they are going to a high cost private school. One of the issues in our state is that the "great" and the "good" instate schools are getting harder to get into than some of the elite private schools. I would rather my child go to an elite private school than a "okay" state school. If the "okay" state is what he can get into- then so it is. If they both go in state, we can upgrade the rooms on our retirement cruise and/or endow a great organization and/or help with graduate school.
Avatar for mom34101
iVillage Member
Registered: 03-27-2003
Wed, 04-16-2008 - 6:15pm

If my kids are planning a liberal arts education, I'd probably prefer they go

iVillage Member
Registered: 07-12-2005
Wed, 04-16-2008 - 7:23pm

I definitely agree with funding retirement first, and this is not intended to comment or critique on your personal choices. it seems you are trying to ensure that your kids can have some education even in the absence of loans.

But I've heard the "can't take loans for retirement" a lot, and it always makes me wonder if people realize that there are no guarantees that our children will be able to take loans for education either. Depending, in part, on our own incomes, but also just on the availability of funds and lenders. I recall reading somewhere that the cost of an education compared to the starting salaries of today's graduates meant that more people were defaulting on student loans, which means it will be a less profitable business. I can't find that particular article anymore, but I did find this one that was published recently.

http://www.nytimes.com/2008/04/12/business/12loan.html?ex=1365739200&en=b12d3dca3026299d&ei=5088&partner=rssnyt&emc=rss

iVillage Member
Registered: 04-04-2005
Wed, 04-16-2008 - 8:07pm
One of the many reasons I prepaid my kids education at a State University in VA. They can transfer the money if they would like to another college of their liking. That is what we are doing in addition to purchasing a condo. Don't look a gift horse in the mouth. It is not my job as a parent to fund their college - it is a choice on what I am willing to do. I don't believe in IVY leagues and will not pay for them to go to them. If it is their dream then they can take the State tuition I pre-paid for them and apply it to the Harvard and Princeton. I just really could give a rats about people who go there and the SUPERIOR education they are getting. Whatever. My dh went to the University of Maryland and our family is doing just fine. I have a Bachelors in Econ from KU and an AD from NOVA in Nursing and it is the NOVA community college that has been the most beneficial to me.

 

iVillage Member
Registered: 07-12-2005
Wed, 04-16-2008 - 8:22pm

I'm curious---do you think there is a difference in the child's motivation if it is parents paying for it vs. a scholarship?

I think the value a person places on their education is a matter of personal character or maturity, not source of funding.

iVillage Member
Registered: 04-22-2005
Wed, 04-16-2008 - 8:41pm

Well, I've seen students that:

Care about their education and they pay for it.
Care about their education and someone else pays for it.
Don't care about their education and someone else pays for it.

But I have yet to come across a student that doesn't care about their education when they are the ones paying for it, or at least not one that remained a student for very long.

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iVillage Member
Registered: 05-14-2006
Wed, 04-16-2008 - 8:51pm

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