Tuesday, 2 May 2017

Refusing to pay for child's college because you disagree with their chosen field


This is a throwaway.We paid for our daughter's psychology degree. We sat down when she chose this degree and showed her what she'd expect to make after graduation and twenty+ years later. We looked up cost of living projections and if she chooses to have kids, how much money she'd need to make to provide for her family. She will need to go to grad school. We also showed her she could take out X amount for student loans, what's a good interest rate, and how long it would take to pay X amount of money and how much she would need to earn. She loves her job but is dragging her feet going back to school. She graduated two years ago and is still figuring life out. She's financially independent and I'm proud of her but I do worry about her future financially without an advanced degree. She's already making the most that she can where she is at. Thank god she doesn't have student loans to deal with because I don't know how she'd afford it.I was telling my BIL this and he flat out told me he wouldn't pay for a psychology degree since it's a bad investment. He has one child and is paying for his electrical engineering degree.Thoughts? Is he being manipulative or is this a good idea? via /r/Parenting http://ift.tt/2p4Uc9D

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