Monday, March 13, 2017
College Expenses: Who Pays What?
According to this poll on my blog, the most common way for students to pay for college is to rely on parents for support verses paying for it themselves. Granted, paying for college isn't cheap, and scholarships are often not available. However, I find that students at college sometimes have little sense of managing their own finances and perhaps rely too heavily on their parents' pockets to pay for everything. Then, when they have to pay for some expenses, they often overuse credit cards to cover things. This can lead to debt and then the kids boomerang (return) back to their parents for help. So, in the end, what could be a good balanced approach to help students with the high costs, but at the same time lead them to become responsible with money? How do people in your countries and cultures teach independence and careful money management? Share your ideas.
Posted by Randall Davis at 5:56 AM