The world needs ditch diggers too...
College is not for everyone especially if you are getting a wimins studies degree and borrowed $100K to get it.
With eight kids, you aren’t going to save a lot unless you’re outrageously successful. It’s smarter to encourage independence and if that doesn’t work, plead poverty so your kids can get college at the wholesale price.
I was fairly fortunate in business and paid full boat for three kids. Eight? Couldn’t imagine it.
Physicians may need to go to college...so very many of the “young people” who dont take that route...do not.
One size does not fit all.
This guys got his head on!
No big deal.
Our family did the same thing: If you want to go to college, you find a way to pay for college.
My older brother worked stores (grocery and retail) and got a Physics scholarship.
I competed in academic and math and science competitions in high school, and won two 1 year scholarships and a NROTC 4-year scholarship. (Wasn’t good/fast enough to get any athletic scholarships! Had to compete in math/science/SAT’s.)
My younger brother went to work, got his degrees later.
My other brother earned a Air Force ROTC 4 year scholership.
My youngest brother earned a USNA appointment.
My sisters earned their by working, by going to their schools part-time.
no explanation needed, this is how it should be
“Fagan, a marketing executive...”
...executive. The kids will be JUST FINE and he WILL do what is needed for them, since he has the resources.
But I do agree...nice way to get one’s 15 minutes of fame.
government backed loans not dischargeable by bankruptcy should not exist for a liberal arts degree, anywhere.
Schools REALLY think sociology is really for character development?
well let them ACT that way.
If he’s not careful, he’s gonna end up with a bunch of Ben Franklins and Tom Edisons in his family.
In general, if you aren't majoring in engineering, architecture, one of the hard sciences, etc., college is an overpriced scam.
Yes, I like him too.
But without college attendance, how will the Marxists indoctrinate his children properly? He needs to consider that.
Given how everything necessary for life in the USA (housing, education, health care, for example) has a complex matrix of government rules, and means, race and identity group testing, you would have to be a chump to save for your kids college education.
I’m going through it now. Having cash and savings is penalized by colleges when considering financial aid, while debt and negative net worth is rewarded.
The middle class now exist as sheep for the government, and everyone connected to them, to fleece.
the govt looks much more favorably on you if you have NOTHING saved.....
rather to fund your retirement fully before "saving" for your kids college....
and the man is right....most people should not even go to college....
we couldn't save enough for our kids that went to college, but we paid as they went along for room and boarding, cars, books, etc....they still had to take out loans.....
Quit in 11th .. went back after a few months ... turned 17, went into the Army ...
yadda yadda yadda
All my kids work hard and are well married and paying their bills.
Ain't NONE of us dirty, cold, hungry etc .. and pert much happy as a worm in an apple.
college has become, unfortunately, one of the biggest money grabbing scams in history. Unless you take college courses DIRECTLY necessary for a profession ie;law, medicine, engineering, education...it is a gigantic waste of moey and time. To expand on your high school education by taking courses in the same subjects is CRAZY. I, of course have seen jobs that, for one reason or another, require a college degree....in 95% of the cases it is totally unnecessary and such a requirement only serves to limit the number of qualified applicants who will apply.
Smart guy!
For those who have not been through the process of applying for financial aid (FAFSA and CSS Profile) it is best not to have any more than 10-20K in savings when you are applying for financial aid from a school. If you have more than that saved, 1/4 of that amount is deducted from your financial aid package by the college (i.e. added to your expected family contribution). Over the course of the 4 years, the college wants to consume all that you have ‘saved’ for college.
So, its best to have nothing for them to consume.
Also, forget about the 529 plans!! This is just a scheme for the government/colleges to better track how much you have saved for that college education. If you have 100k saved in a 529 plan, the college will add 25k to your expected contribution each year when they calculate how much financial aid they give you. Its a scam. If you have money saved in a 529, cash it out during your child’s 2nd year in high school (financial aid data looks back 2 years), pay the penalties, and stick it in a retirement account so it is not visible to the financial aid people.
To anyone who has not been through this, it is advisable to pay for college financial aid accounting help, as it will save you a LOT of money. (and no, I’m not a financial aid consultant, but I do have 2 kids currently in college)
Me too! I earned my own degree at the age of 27 and have no student loan debt.
These are fine parents. They teach their children well. There is no free lunch, life is hard and failure is not an option. Learn to paddle upstream or go over the waterfalls.
Agree - Like my Grandpa used to say ... thermometers have degrees too, and you know where they stick them!
*Hitting the “LIKE” Button on your post*