The best graduation gift you can give your kids is no student loan debt. Just pay the damned tuition. My daughter graduated from college two years ago, makes $28K per year, and just bought her first home. She rides mass transit and could not justify a car expense when living in a large city.
She makes 28K a year and she bought a home on that? Where does she live Tijuana? Does she live off 89 cent tacos?
I guess you’ll be paying her property taxes too when they come do.
“My daughter graduated from college two years ago, makes $28K per year, and just bought her first home. “
What do houses go for in your neck of the woods that $28k/year can afford one?
The best gift you can give your kids is to tell them that unless they are going into a field, like a hard science to skip college and live without the debt.
A friend of mine said the other day that he wanted his kid to have the college experience. I asked if that experience was worth $100,000 in debt. Crickets.
I have two in college right now. One is taking classes at an online school that is very affordable for her. The other is studying engineering. He’s already got a job that offers education reimbursement. He’s got a few loans and is into us for about $30,000, which he will pay back.
I’m not living paycheck to paycheck, but I also don’t have nearly enough money to pay for a full college education for four kids.