Do you pay 100% tuition? Room and board? Do they pay a portion or none at all? If they pay a portion, is it a % of the tuition and what amount do you use?
My DD is going into college in the fall. We would like her to have some responsibility for college but not sure what is fair. She works about 32 hours a week during the summer and has put 1/2 her pay aside for college. Going into college, she's going to major in graphic design and the schools she's looking at say that their programs are intense and that the kids won't have time for much else (not sure if that's accurate but what we're being told by the professors). We can afford up to a certain amount and she's got 3 schools she's deciding between. One of those is under our budget and the other 2 are over (1 by $2000 and 1 by $5000). I know we could stretch to cover these but her brother will be going to college 3 years after her so we do have to consider that as well. We do feel that students do better if they have some sort of share in the costs so it's not just OPM (other people's money) and that it helps them do better and to appreciate the education they are receiving. I want to make it so she has some "skin in the game" but not to the point of stressing her to the point she is only focused on earning money.
How do each of you handle tuition with your college student?
My DD is going into college in the fall. We would like her to have some responsibility for college but not sure what is fair. She works about 32 hours a week during the summer and has put 1/2 her pay aside for college. Going into college, she's going to major in graphic design and the schools she's looking at say that their programs are intense and that the kids won't have time for much else (not sure if that's accurate but what we're being told by the professors). We can afford up to a certain amount and she's got 3 schools she's deciding between. One of those is under our budget and the other 2 are over (1 by $2000 and 1 by $5000). I know we could stretch to cover these but her brother will be going to college 3 years after her so we do have to consider that as well. We do feel that students do better if they have some sort of share in the costs so it's not just OPM (other people's money) and that it helps them do better and to appreciate the education they are receiving. I want to make it so she has some "skin in the game" but not to the point of stressing her to the point she is only focused on earning money.
How do each of you handle tuition with your college student?