My son is paying his way through college as I type. I paid my way through college, along with the Army helping me - and trust me, I EARNED every dime, LOL!
Neither of us are the worse for wear.
My sister? My parents paid for her 4 year useless degree. She has never used it and has always worked menial secretarial jobs becasue she decided she ‘didn’t like teaching’ after all those years of college. *Rolleyes*
Money down the toilet, IMHO.
Dad gave me an equal amount in cash that he gave Sis for school. I have lots of assets; she has a beater car and rents and continually has her hand out to Dad for more! I now take care of my widowed Dad and make sure all of HIS financial ducks are in a row as we stretch his remaining dollars into the sunset...
Now, which ‘investment’ paid Dad bigger dividends in the long run? :)
You are a good daughter!
You and your sister sound like my husband and his brother. Their parents paid for his brother to go to a good college. He screwed around for a couple of years and dropped out. Hubby volunteered for the Army during Vietnam, so he could get the GI Bill and paid his own way through college, graduated with a degree in a good paying field. Brother never has managed to keep a job. Oh, he has LOTS of grand “get-rich-quick” ideas and has borrowed hundreds of thousands of dollars off family members over the last 35 years, but he’s spent the last 7 years living rent free in another family member’s rental property, because the family member “can afford it.” He was supposed to be looking after their widowed mom’s finances, which I thought was like the fox watching the hen house, but Hubby trusted his brother. He thought there were limits to what his brother would do. So, after his brother spent all their mom’s money on stuff for himself and ran her $75K into debt, guess who got to bail her out? Then we moved her out to live with us.
This is the same genius who told Hubby that spenders are better with money than savers, because spenders know a lot of things to do with with money, where savers only know how to do one thing-save.