Should parents pay for their kids’ college educations?
August 16, 2010
MSN Money writer Liz Pulliam Weston wrote a column about parents overspending on their children and ending up in debt.
Now that I have a baby, I could understand how this could happen to some parents. You look at your beautiful new bundle of joy and want to give him or her everything you possibly can. Since our baby is still an infant, the spending hasn’t gotten too out of hand because she can’t ask for things yet.
The article goes beyond going broke by buying things like clothes, toys and the latest electronic gadgets. There are parents who are considering going into debt to send their children to college.
What are your thoughts on this? Would you help your children pay for their college education? Would you put your financial future in jeopardy to do so? Did your family help you?
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