Parents can't—or won't—take on children's education debt

<p>BCEagle91: You sound as if you are doing a good job of training your kids in finances. I have been trying to educate my kids financially forever but not succeeding, even though the d is studying economics. I just came back from an investment presentation, maybe I should take her along next time. At least the food was good and the club fancy, lol. </p>

<p>We never did make much money but managed to save up quite a bit for the children’s education, we got lucky with investments. My hus graduated with no debt because his parents paid for all and I had minimal debt because I worked and worked. We want to do the same for our children. </p>

<p>In the beginning, we amassed our wealth by penny pinching and forced saving. Our cars were cheap, we took the bus if we can, and lived far beneath our means. The first $100,000 took forever to save. After that things became easier. Money beget money.</p>