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Old 10-03-2008, 07:36 PM   #21
MikeWaters
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My wife and I paid our own way through as well. I am glad I can help my kids out. I wish I didn't have ot pay off as much debt as I had to when I graduated and I am glad my kids won't have as much.
I have a friend who married into a wealthy family. For their wedding gift, they received a 90k condo in Provo and a new vehicle of their choice (Ford Explorer, don't ask me why).

Is there a danger in wealth being inherited? What if I told my kids that any wealth I accumulated would not go to them, but go to charity to help others less fortunate?
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Old 10-03-2008, 07:37 PM   #22
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My wife and I paid our own way through as well. I am glad I can help my kids out. I wish I didn't have ot pay off as much debt as I had to when I graduated and I am glad my kids won't have as much.
Our approach seems to be mirroring yours, and given you are the sage and I am the apprentice when it comes to parenting experience, I am happy to hear that my wife and I are doing it right.

Leaving BYU, I didnt really have a ton of student loans. I had some pell grants and scholarship dough, but also used student loans. BYU law school doesnt cost all that much. I think all told, I entered the work force with maybe $20K in student loans max?

It wasnt enough to be a huge burden, but as you say, if you can help your kids, why not do it? If people have real student debt, like say....100K....that could be beastly.
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Old 10-03-2008, 07:39 PM   #23
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No not amazing. But top 15 in the country. I don't think BYU law can claim that.
So, in essence, I left school with less debt and a higher starting salary than you.

Maybe you should have taken a few finance classes.
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Old 10-03-2008, 07:50 PM   #24
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So, in essence, I left school with less debt and a higher starting salary than you.

Maybe you should have taken a few finance classes.
My debt is not much more than yours. And I didn't have to be a lawyer.
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Old 10-03-2008, 08:12 PM   #25
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My debt is not much more than yours. And I didn't have to be a lawyer.
you conveniently left out the third variable in that equation.

no worries. I already know that answer.

Bottom line....BYU is a great bang for the buck.
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Old 10-03-2008, 08:15 PM   #26
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you conveniently left out the third variable in that equation.

no worries. I already know that answer.

Bottom line....BYU is a great bang for the buck.
most first year lawyers make more than the average medical resident. true.
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Old 10-03-2008, 09:55 PM   #27
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Yes I have. I believe an education is important enough that I am willing to pay for them to get it.

But it's contingent on them choosing not to go to Iona or one of those snotty Ivy League schools.

Ivy League schools because they are snotty bastards and Iona because it's for degenerates.
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Old 10-03-2008, 09:57 PM   #28
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Yes I have. I believe an education is important enough that I am willing to pay for them to get it.

But it's contingent on them choosing not to go to Iona or one of those snotty Ivy League schools.

Ivy League schools because they are snotty bastards and Iona because it's for degenerates.
There are three of us in my family. The two boys for whom nothing was paid for are college graduates. The one who has had many, many semesters paid for is not.

Maybe if your kids don't think a college education is important enough to work and pay for, you've lost already.
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Old 10-03-2008, 10:02 PM   #29
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There are three of us in my family. The two boys for whom nothing was paid for are college graduates. The one who has had many, many semesters paid for is not.

Maybe if your kids don't think a college education is important enough to work and pay for, you've lost already.

You will someday realize that throwing your kid into the deep end of the pool is not the only way to teach him to swim.
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Old 10-03-2008, 10:03 PM   #30
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There are three of us in my family. The two boys for whom nothing was paid for are college graduates. The one who has had many, many semesters paid for is not.

Maybe if your kids don't think a college education is important enough to work and pay for, you've lost already.
Fair point, but my kids are still young, though all do well in school because we've always stressed education.

I can always change my mind. If that's the case, I'll go buy a really cool car when I'm retired.
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