<p>As anyone who over time on CC has read the threads must know, mythmom is one strong, committed, self-reliant woman and compassionate person.</p>
<p>My strong feeling that college is the point at which the young adult must start to choose on a cost/benefit analysis and must have a personal financial investment in the process comes from two places.</p>
<p>My father told me once that the greatest gift a parent can give a child is for that parent NEVER to be financially dependent on their child. I was born in 1950 and my parents died years ago and never needed a dime from me. I have friends my age and older who do have aged parents who ARE financially dependent on these now 50-60 year old "children." </p>
<p>In many situations it has been devastating to the marriage of these children and forces those people to choose between doing and providing for themselves and their children (yes, including paying portions of college costs and expenses) and the now aged and financially dependent parent(s). </p>
<p>I was with one such couple recently and asked them about their personal college experience. The parents who now consisted of one dependent parent had "worked their butts off" and their son had gone to the private school of his choice w/o knowing about the lack of planning his parents had done for their later life.</p>
<p>That now nearly 60 year old man is paying for the medical and living expenses of his remaining aged parent while trying to provide for he and his wife and assist their two kids with college (BTY his kids did not get the open-ended "pick and we will pay" treatment). Savings have been depleted, his health is shot from stress (their marriage is strained to the breaking point) and the aged parent is mentally abusive and totally non-appreciative of what this is doing to that man and his wife, their marriage and their children. In fact, the aged parent seems to feel and apparently mentions obliquely that the man "owes" that parent this support.</p>
<p>SO, I strongly believe this "all for the kids," to give them freedom from having to address and understand rational financial decisions at 17 or 18, is not without potentially horrific consequences. I now admire that my parents placed limits on my college choices such that they were never financially dependent on me and my wife and my S.</p>
<p>The other issue is the young adult's investment in the post HS educational process. My S had to bring merit money to the table by my limits. He had to make his choice based on my total financial commitment amount. He could have gone to "named" privates, but there would have been $0.00 left for graduate school. He chose large merit at a "lesser" named private school. (where he has shrived) </p>
<p>My limit is also that I will not now pay more than the shortfall between merit and the cost of the school he chose. We don't have any argument over his grades. Its up to him to keep his scholarships.</p>
<p>I admit (and have stated so previously in other threads) that I feel that I wasted a lot of what college had to offer when I attended. I took my father's limitations and went to private college for 2 years and public state school for two years. Since the amount he was willing to pay was sufficient to cover the "entire nut," I did not have to finance any of it. That, looking back, was a mistake. I recall at both private and public schools that the students who were carrying a portion of the financial cost tended to be more dedicated and focused. I think that is a very positive thing for a young person. It helps in the maturation process. AND, unlike me, the students who were paying for some of college, didn't seem to let drugs and alcohol get in their way. Whether it was can't afford them (literally) or can't chance possibly getting bad grades, those students made the most of their college experience. I know I didn't.</p>
<p>SO, there really are good reasons that parents may feel that it is best for EVERYONE involved (parent and child) that college not come close to being a true "free ride" for the student.</p>