As a kid you think that your parents have been socking money away for your future college education. Then you grow up. You just go with the flow and take out as much as money as you can in order to pay for school. And you wish your parents would have helped you cover the cost of your education. Or, do you? Many students have found themselves buried in a much, much larger amount of debt. As a result, the average net worth of millennials is negative! As a parent, the thought of my daughters starting their young adult lives out with that much debt is scary. I want to do everything I can to help! And each parent has to make their own decision when it comes to paying for college. However, financially, it typically does make the most sense for students to pay for their education not parents.
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Growing up, we often visited the campus of my dad’s alma mater and held alumni retreats at our house. The family joke is that my dad used to lean over my crib and whisper, «You will go to Wheaton College someday. And he was right. In the fall of , I packed my bags and started college three hours away at my dream college in Wheaton, Illinois. My parents paid all of my costs, so for me, it was completely free. Since I wasn’t in charge of paying for my education, I didn’t have a care in the world. That’s why, almost immediately, I spent more time with new friends than I did studying or attending class. I dedicated myself solely to social extra-curriculars. Predictably, my grades tanked. I also went through a bit of an identity crisis, because in addition to being away from home for the first time in my life, I transformed from an A and B student in high school to a C and D student in college. Plus, I gained twice the freshman Read more : How to choose a student loan to get the money you need for college or grad school. I firmly believe that if I’d paid for my education, I would have been a great student, stayed in shape, and had a healthier relationship with food. I know this is true because when I went to graduate school , I paid for every penny and was a far better student. Plus, I loved it. To prepare for this article, I interviewed my parents about what it was like paying for my education … and I’m still trying to wipe the look of disbelief off my face. For one of those extra semesters, I took summer school and my tenth semester was spent working a newspaper internship since it was my last requirement to graduate. That said, I’d say the biggest culprits of my extended year were procrastination and flakiness, which I deeply regret and feel guilty about. I rarely did homework.
Reasons Parents Should Help Pay For College
We’ve all been there — it’s second semester of your sophomore year in college and funds are running at an all-time low. Regardless of where your college is located, being a college student certainly isn’t cheap. But, have no fear — for the entrepreneurial at heart, there are countless ways to earn some extra cash at college that won’t force you to compromise your grades. While there certainly is no shortage of off-campus jobs you could potentially get, you may not necessarily have the time or transportation to get off campus all the time. So, where does that leave you? Well, there are perhaps surprisingly lots of ways you can earn some cash while staying on campus property. If you excel in some subject, chances are other students might need a little extra help — and are willing to pay for it. Or, students in your area like high school students or even other college students might need your expertise, as well. For years, one of the simplest ways to earn or save some extra money on campus has been to become a resident advisor — not only do most schools offer free or highly discounted housing, some also offer meal stipends and tuition remissions. If you’ve ever been teacher’s pet or even if you just enjoy research , becoming a research assistant to one of your professors is a great way to earn a lot of money in college while still staying within the comfort of your own campus. Being a research assistant can include duties that range from gathering and analyzing data, labs, and organizing records to researching literature and compiling library research. And, the best part? Campus security guards can actually make a decent bit of money while staying on the grounds — and, chances are, you can find a position that fits your schedule. Every college student’s nightmare is having their computer crash, malfunction, or not work correctly when they need it the most which, if they’re honest, is basically all the time. And, campus IT can only do so much and field so many questions at a time. Students can typically set up hours of availability, where you can provide various IT services for a fee.
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1/3 Of Young Adults Are Still Living With Their Parents! — Dave Ramsey Rant
Our writing prompts often give students a chance to weigh in on the policies, practices and ideas that directly affect teenagers and children. We appreciated how thoughtfully readers approached each question — taking on alternative perspectives, acknowledging their own biases and blind spots, and parsing the nuances of each topic. Read on to see what we mean. Please note: Student comments have been lightly edited for length, but otherwise appear exactly as they were originally submitted. The idea of paying stay-at-home parentsa favorite of social conservatives, is now supported by several Democratic presidential candidates.
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