233 MG Should Students or Parents Pay for College?
Money Girl
Macmillan Holdings, LLC
4.6 • 1.8K Ratings
🗓️ 7 September 2011
⏱️ 9 minutes
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| 0:00.0 | Hi everyone. Thanks for downloading the Money Girl Podcast. I'm Laura Adams. |
| 0:10.0 | Hi my name is Kristen, and I'm from Sparta, Michigan. My question regards paying for college |
| 0:20.9 | education. We have quite a divide in our family. I would love for my daughter to go wherever |
| 0:26.4 | she would like and I will do whatever it takes to pay for it. My husband on the other hand believes |
| 0:31.6 | that she should have to work for it and should go to community college and do whatever she can to do it the cheapest way possible. |
| 0:38.5 | My daughter of course is struggling to work within those parameters of the two of us. |
| 0:44.0 | Just wondering what your thoughts would be. |
| 0:46.0 | How does a child get a good college education? |
| 0:49.0 | We make a good living, but we haven't saved a huge amount, |
| 0:52.0 | and college is so expensive. |
| 0:56.0 | Anything you could offer would be fabulous. |
| 0:58.6 | Thank you for all you do. |
| 1:00.6 | When it comes to paying for college, people have very different ideas about who should foot the bill. |
| 1:07.0 | Some parents simply can't afford the cost of college, so the student must have every possible |
| 1:12.4 | financial resource they can find. |
| 1:15.0 | Some parents fork over college tuition for their kids, |
| 1:18.0 | even if it puts their future retirement in jeopardy. |
| 1:22.0 | And some parents expect children to step up and take responsibility for the cost of college, |
| 1:27.1 | regardless of how much the parents have in the bank. |
| 1:30.6 | So the dilemma that Kristen and her family are facing is not uncommon. |
| 1:36.0 | I interviewed Zach Bissonette, the author of Debt Free You, |
| 1:40.0 | how I paid for an outstanding college education without loans scholarships or mooching off my parents |
... |
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