This comment was by Tom B. on the post The Case Against Saving for College
Years ago, friends of ours who had 7 kids, and they expected all of them to go to college. These people were by no means wealthy. Nonetheless, they did sock money away into college funds for the kids. Keeping in mind that stats show a high percentage of kids drop out of college in the first two years, the parents were concerned with throwing their money away on tuition where the kids would drop out before completing school.
So, the arrangement they made with the kids was that the kids would have to pay for the first two years of school. Year three and four were paid by the parents and if they graduated, the parents would reimburse the kids for the first two years. 5 out of the 7 graduated. The other two dropped out within the first two years. BTW, the dad worked for the IRS.
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