Want to stir up a crowd in a hurry? Walk into a room and say, “I think that good parents owe it to their kids to help them pay for college.” Rob Carrick – author of How Not to Move Back in with Your Parents and personal finance columnist for the Globe and Mail – joins us to help us sort out the facts and emotions behind financially supporting young adults as they head off to college or university.
https://moneymastermindshow.com/episode5-how-much-should-you-pay-for-kids-college/
Key Takeaways From This Episode
- With rising school costs, is it essential that parents help their children pay for their post-secondary schooling?
- If parents want to financially help their kids, what is an appropriate or ideal amount of help?
- Should putting money away for your child’s education take priority over saving for your retirement?
- Is it realistic to assume young adults can still work their way through college or university?
- Is it right attach “strings” or expectations to financial help?
- Why communication about financial realities between parent and child is so important.
Panelists In This Episode: