YES! Parents should pay for their children’s college, at least the tuition and room & board. You don’t want your child unemployed or working for minimum wage forever or strapped with excessive student loans because you didn’t finish your parenting job. And, if you couldn’t or didn’t save enough to pay for college, engage fully in research to find affordable colleges and scholarship opportunities for your child. Don’t leave your child on his/her own before he/she has the tools necessary to be financially independent. Unless there is a disability, mental illness or other issue, you don’t want your child to struggle or live in your basement forever because you didn’t help him/her attain a college education.
None of my four immigrant grandparents went to college, but they made 100% sure that their children and all of us grandchildren made college a #1 priority.
Do your kids and yourselves a favor! Help your kids go to the best college possible and figure out how to pay for it!