Many adults struggle with the question “should parents pay for college” in regards to their children. And, why wouldn’t they?
Before you ponder the “should parents pay for college” question, you need to make sure your financial house is in order.
Aside from tuition and fees, there’s also room and board, books and supplies, and personal living expenses. Taken together, these costs can easily double (or more).
Another hiccup regarding whether or not parents should pay for college occurs if you have more than one child.
Even if you save fervently, you might not be able to cover the required expenses for all of your kids and that leaves you with an uncomfortable choice.
(...And Avoid Student Loan Debt)