Why do people send their kids to public school?

It’s because we have a large, and growing, child poverty problem in our country. The children whose parents can afford to send them to school with money for lunch, and who have the ability to help them with their increasingly difficult homework at night, typically thrive in the public schools, as they always have.

Do most parents pay for their child’s college?

83\% of parents pay for a portion of their child’s college tuition,and the reality is, even a percentage of the total college bill can be tough for most families to pay. Average yearly tuition and fees have risen to an average of $41,411 for private schools and $11,171 for state residents at public colleges.

Why do parents choose private schools?

According to the report, more than 85 percent of parents said they chose a private school for a “better learning environ- ment” for their child, whereas 81.3 percent said the choice was made for a “better education.” The next two most common responses were “smaller class sizes” (80.5 percent) and “more individual …

Why parents shouldn’t pay for college?

Here are some reasons parents shouldn’t help pay for college: Students learn more responsibility and gain more real life skills. Students remain more focused on education rather than party life. Students learn the value of money and are therefore more prepared when they hit the “real world”

Why should students pay for their own education?

This means tuition will only be higher by the time you get to college. By saving money, working as much as you can in the summers or during school, and obtaining whatever free grants or scholarships you can, it means you’ll likely not have to rely as much on expensive interest-accruing student loans.

Are parents legally obligated to pay for their child’s College?

That means parents have no legal obligation to pay for their child’s college education — with one exception. If the parents are divorced and the divorce agreement includes paying college costs, one or both parents are legally obligated to pay for college.

How much do parents pay for college?

The annual report by Sallie Mae® shows that parents are paying roughly half of college costs. For the 2019-2020 school year, parental income and savings covered 44\% of students costs; another 8\% came from parental borrowing.

Should your child help pay for college?

And while there are several factors that go into determining the answer to that question, most financial experts do agree on one thing: There is a lot of value in having your child help fund at least part of their own college education. What money lessons can teens learn if they help pay for their education?

Should your kids use student loans to pay for your retirement?

Mychal Eagleson, CFP® with An Exceptional Life Financial, says “worst case scenario: Your kids can use student loans for their education, but there are no loans that will finance your retirement.” In order to keep parents financially healthy, he feels strongly that kids need to pay for part of their college education.