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I don't get those who say university is cheap. My kids are done with post-secondary but a four-year degree could easily cost $10,000 and costs are rising by a good clip, so you need to save.
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You can't tell me that a kid can't make $2,500 over a summer.
When I was in Engineering it was about $20k, now it's about $32k. That's about a 3% annual increase, so not much more than inflation. The kids can get a summer job and pick up some work on the side, and that should pay for most of it. I got through with minimal student loans, and I'm sure my kids will be able to do the same. If they can't qualify then I'll loan them the money.
I just flat out don't believe in paying for my kids' most important investment of their lives. They need to learn to work for themselves, and I don't believe handing them the money is going to be conducive to that. I'd much rather buy a house with them and have them manage the property. That's probably where I'll spend most of my capital when they get out of university.