My parents paid for my university degree, the portion of it that wasn't covered by scholarships. They paid it directly. They also helped me out with a downpayment/cosigning on my first house (definitely fit the definition of a starter home). Subsequently, I turned down them paying for trips (Hawaii for Christmas with extended family) that I couldn't afford at the time, and so didn't go.
I think it's worked out reasonably well. A bunch of my financial success wouldn't have been possible with student debt/without my first house, but I've definitely worked for it as well. I think it probably depends on the person, whether they'd just take the money and coast or not.
Last edited by bizaro86; 03-22-2013 at 10:20 AM.
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