We’re the same way, but I apparently have too much in retirement savings to qualify for any assistance.
I’ve got one in full time school right now. He’s got some good scholarships and we’re loaning him much of the rest.
He got home last Friday and began full time summer employment on Monday. He’s working for a remodeling contractor and gaining real hands on skills to add to his engineering degree.
Good for him! (and you) It sounds like he’s on the right track!
My wife got associate degree, bachelors degree, and masters. -0- debt. She worked 40 hours per week. I got associate degree. Worked 40 hrs. per week. -0- debt.
Same here. Sucks doesn't it, that we do the responsible thing to fund our own retirement then our kids get screwed out of any financial assistance because we did the responsible thing for ourselves!
My oldest son comes home tomorrow from college, he'll spend his summer working in the local bike shop again. Part of that goes to pay us back, the majority of it goes into the bank so he has spending money while away next year. He was fortunate that he scored an academic scholarship that pays for his tuition, books and fees. We loan him the money for his room and board each year.
Best we figure right now, he'll graduate with about $10-$15k in debt to us which will be quite reasonable and manageable for him especially if he stays on track and graduates with honors. At that point dad will likely forgive the loan so he can get his life started with a clean slate. I of course won't tell him that. Gotta keep him motivated.