The Funster
What?
- Joined
- Aug 27, 2011
- Messages
- 2,949
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I'm with you. No law school loans left for many years now, and parents paid for UConn. But, I have a ten year old daughter, and no realistic way to put her through college without taking out significant loans. I make too much money to get any financial aid. So I take the view that I can't afford to help put somebody else's kid through college when I've got to do it for my own. Plus, between my wife and I, we have four institutions of higher ed asking for money. So I give my money where I think it will do more good helping those whose needs are greater than getting a college degree.
I don't think it makes sense for most people, especially recent grads, who probably paid too much as it is. If I had received money from the school however, scolarships or tuition reduction, then I think I would feel like I should donate that back in to the endowment. I think we will see giving drop now that the costs are so high. Played golf with a Harvard law grad at a charity event Monday. He paid about $3000 a semester. Those people can pay back in. But folks with undergrad degrees who paid $30k to over $50k a year more recently? That's a hard sell.`
My 13 y/o daughter's goal is to get into West Point.
Bless her little heart...