Posted on 10/28/2014 5:03:57 PM PDT by CorporateStepsister
A father of eight has sparked controversy by refusing to save money for his children’s college education.
Guerilla Parenting author David T. Fagan told the Washington Post that college is 'a lot of wasted time' and if his children want to attend, they will have to pay for it themselves.
The 37-year-old marketing entrepreneur, whose family lives in Orange County, California, added to MailOnline: 'The focus is too much on a piece of paper and not enough on self-reliance.'
(Excerpt) Read more at dailymail.co.uk ...
I wasn’t expecting ghetto mob tactics.
Ha ha...that’s actually funny.
Don’t live in the ghetto now. I did.
I lost a lot of fights as kid. Pretty much about 50-2 since puberty. And I learned a lot from those 2.
“MOST kids attending college these days get done with minimal debt and within the normal range.”
Actually, the average length of stay at a college exceeds 4 years, with many graduate graduating later in life. The average age now is 24. Not exactly “normal range”.
The average college debt is around $33,000. Not exactly, “minimal debt”.
Controversial? Seriously? My kids are working their way through. I told them I didn’t care either way. So far we haven’t spent a dime, although they’re commuting from home.
I wonder what the median debt is? That would really be more meaningful—half above and half below. The average includes those like Doctors who incur hundreds of thousands in debt—from undergrad through grad school.
Knowing that my children and their cohorts are making about 45-50k when they graduate, their student debt is about 10% of their first ten years earnings.
That is not great, but its not prohibitive.
I graduated with about $7,500 in debt with an first years earnings of about $16,500. So as a percentage, it is higher than it used to be. But the starting salaries tend to be a lot higher.
That’s how you learned the pack mentality.
-— Where is it written that parents MUST pay for college? ——
It’s a liberal dogma taught in... School. Anyone see a problem here?
Actually, the preferred ghetto technique is to pick up the biggest thing you can throw, and throw it at the guy. And then kick him until he stops.
I’ve refined the technique a little bit.
Here is a tip....don’t tell a guy with two daughters that his kids are “drunk rich kids.” That doesn’t go over well with Daddy.
If you sent them off to college as an all-expenses paid vacation, they probably are.
And that’s the thing. There is nothing wrong with family helping family.
But when young adults *expect* it and *demand* it and parents are *shamed* into coddling their adult offspring, then we have a problem.
Both of my kids had periods where they had to come home after life hit them hard. We took them in and helped them get back on their feet.
They *appreciate* it because they know that it was a gift. They didn’t expect it or demand it and hubs and I felt no obligation to give it to them.
Family backs up family. But people shouldn’t be shamed who have faith that their grown children are adults who can survive and prosper without crutches.
“It’s a liberal dogma taught in... School. Anyone see a problem here?”
Well, we all know once we accept the first idiotic liberal thought the rest seem to make sense. I believe the entire school system K-12 and colleges should be dismantled and re-created from need.
We have taken our younger son in 3 times. When he came back from marine MSG duty in Jordan and got his feet on the ground. He went to work and school.
When he was in LA he decided our local Oceanside community college had the best math program.
When he got a job in our area and needed to get established in the area.
We have always been open to helping with a room if they are going to school and working.
As his wedding gift, we are providing the honeymoon travel and lodging. Part is using our annual time share for a big cruise discount.
Each of our four has needed various amounts of help. Our older daughter none at all. We provided a 10% down payment on home purchases for two. Own ten percent of one and the other bought us out.
Our kids have always been motivated school and work. They are the kind of people (like their mother) we don’t think twice about helping.
Exactly. But if they expect it, demand it, pout and cry if they don’t get it, and are mad at you for not making their lives easier, then they’re not the kind of people worth helping.
The blanket attitude that parents should always bail their kids out is wrong.
I have always insisted my kids take responsibility since they could order from the menu themselves and do chores.
But I have seen families carry out vendettas for decades, which was my original point.
I agree, if they do it them selves they will try harder and if they throw it away later its their business.
“...100% of our Freshman year, 75% of our Sophmore Year, half our Junion year and a quarter of our Senior year.”
What a great plan.
I was a stockbroker for more years than I care to remember. One of my customers was the CEO of a major insurance company. During a visit, we talked about “funding” children. He set up trusts for both his son and daughter. His son’s had incentives that he had to meet before he could get any distributions. I can’t remember exactly how it worked, but as I recall, the son got a healthy distribution based on a percentage of his annual earnings. That way he couldn’t be a “trust fund cowboy.”
His daughter’s, on the other hand, was much more liberal, because he was afraid that if her marriage broke up, she wouldn’t end up being reliant on her ex for alimony, child support, etc. for maintenance.
Yours, and his, plans make a lot of sense.
When I was 29 I was widowed. I looked at my 6 year old daughter and wondered how I would pay for her college when the time came when I had a secretary’s job.
So.....I was fortunate enough to start out as a secretary at a firm that had a college tuition program for their employees. You pay for your courses up front, they reimburse you when you get your grades, and you keep rolling it over until you graduate. I worked full time, went to school part time. It took 9 years to get my Bachelor’s in accounting. Now....as I was getting my degree, I was able to start working in the Accounting Department of this firm as a clerk. So....I was gaining experience in my preferred field as I got my degree. Long story short, I cried when I wrote out my daughter’s first tuition check. I got a job as an accountant and made enough money to do so.
Now....I then went on to get a CPA, then an MBA and then a Master’s Certificate in Government Contracts and Procurement. All told, it took me 25 years of part time schooling to get all those —but it has certainly paid off in increased responsibilities, promotions and salary.
And...my hubby was able to use his GI Bill to get his Bachelor’s in Physics.... he, too, got advanced degrees because he went to work for Boeing, who had a tuition reimbursement program for their employees.
So....my advise to those who don’t join the military to get schooling benefits (I think those are still available?) is to start work at a firm...even if it’s just in the mailroom or sweeping floors..... that offers tuition reimbursement program and get started on a degree. Yeah, it’s damned hard work, but the benefits/payoff are enormous....
There you go again.
Tell me, do you have daughters?
Are you married to someone’s daughter?
Tell me what you would do if some scum bag said that about a woman in your life? I mean a woman that isn’t plastic or paid for by the hour.
That’s just not right, and you will go to hell from r it. Lord help you if we’re to ever meet. I think I will make it my project to find out who you are. I would relish seeing your old face. I would also love five minutes with your wife.
I don’t know your daughters. I just what I see, and what my wife tells me she sees as a property manager of student apartment buildings.
She must enjoy doing inspections with those years young men. All alone behind locked doors? At least I knew an apartment manager that did.
See how that feels?
Why don’t you just keep you ur insults to yourself.
It’s the sign of a weak mind.
Your screen name Means from many, one. How can you post with that name when your mind is so closed and you are so intolerant? Or do you not grasp the irony.
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