Are you saving/do you intend to save for your child(rens) university fees?

Question

Are you saving/do you intend to save for your child(rens) university fees?

Answer 1

You know, I remember this time last year I had this talk with my mom. We were doing our big annual mother/daughter back to school shopping trip. We were at a restaurant, sitting and eating lunch and we were talking about how I was pretty nervous yet excited about my first year of high school.

Then our conversation went right into college, which was nothing unusual. I've had several of these college talks with my mother since I was eight, discussing with her my dream college. I remember asking her if we can afford it and that's when she told me how she was saving up some money for me to go to college.

She started saving up ever since she was pregnant she has said. So to answer your question, yes my mother is saving up money for me for college. My mother doesn't want me to have to be worrying about me paying back loans when I'm out of college because it's not that easy paying it back. In fact she has some older friends with kids in their thirties still paying back the loans. I had a social studies teacher last year who had to still pay at least 50,000. That thought really, really scared me, it once scared me to the point that I decided I wouldn't go to college. Of course my mom assured me and said by the time I graduate I'll have plenty saved up for college.

I'm very lucky and very blessed that my mom can do that. I know not all parents are that lucky, especially with things being as expensive as they are. I'm grateful that my mother can put some money away every month for me to go to college and pursue my absolute dream, not everyone else has it that easy. I am very thankful that she's doing everything she can possibly do to help me pursue my dream. :)  

Answer 2

no, they can get a skolership

Answer 3

I save for future things that I don't know about yet as a matter of course. That might be university fees, it might be emergency medical bills, it might be anything at all. I lived hand to mouth at university. I'm never, EVER going to do it again.

Answer 4

Yes! Def. My husband and i are starting Cd's and saving bonds. That way when our son is old enough they will be bigger! We have decided to put away 50-100 dollars every month for him. Will make things much easier when he is older. We have also put it in our will, if we die he can only use the money for college. If he doesnt go to college, he can have it when he is 30. That way he wont be a bum:)

Answer 5

Yes, an 18 year old should not be responsible to pay that amount of money.

Answer 6

Yes, when I have children I will save up money.

The children might not want to go to college, and that's their choice, but I want them to have something to fall back on. You can only save up so much money working at McDonalds.

It looks like you could have used some extra spelling classes Lost Soul. "Scholarships" are numerous, but not everyone knows how to track them down. There are many excellent sites to find them however, you just have to know where to look.

Answer 7

I have three kids 15, 10, and 6.  I am not saving for their college educations.  I do own my house and have equity that I could borrow against but frankly, we are living check to check besides money coming out for a 401K.  My oldest decided on her own that she wanted to go to a private High School ($8100 a year-she is an honors student) and I told her when she decided that if I paid for high school I wasn't going to have money for college. She understands this and just said "how do I pay for it".  We discussed student loans and such and I feel at this point, I will help her if I can (home equity?) but I can't save anything now.

Answer 8

Yes my husband and I have been saving since the birth of our daughter, almost 10 years ago, and we also have a 7 year old son.

College is extremely expensive. We want our children to be able to go to which ever college they choose. It is all to often that parents do not save for this, and when the time comes, they can not afford it, and there child is actually turned away from going to college. Its is really sad!  I worked really hard all though high school to earn scholarships, because my parents always told me they would not be able to help me with college. I went to a university and had a job too. I had to pay my way through, it was very hard. And i do not want my children to have to go through that.  

Answer 9

No. Have you ever stopped to consider the fact that your children might not want to go to university ? It should be their choice, not yours.