Why Should I Have To Pay For My Kid's College? 

Agreed, college seems necessary especially as a backup plan. Education builds smarter and hardworking people.

@@brucebobtrotter2170 it's paid not payed go to school

Agreed. I hate the idea of parents not wanting to help their kids so it will “help them get tough”. Paying for college isn’t where perseverance is taught.

@@musicpro7278 are you that slow? He’s clearly saying the same thing as you.

@@makecodgreatagain6049 I'm pretty sure the guy that doesn't get the sarcasm is the slow one

@@Mrs.Butterworth maybe in Dave’s day, but not today. It’s also better to have them focus on their grades instead of some dead end job because they could get a scholarship worth way more than what they could earn from a job that pays close to minimum wage. I didn’t work until after college and graduated with honors and got great scholarships and so did my wife and our kids. We all noticed the same thing: our classmates who worked frequently did not turn in assignments because they worked late and stayed up all night doing assignments from other classes and fell asleep in class and their grades suffered as a result of that.

@@johnmartin4641 Well, I also need to provide for my retirement, and frankly after decades of working myself to death, I can't do it any longer. Retirement comes first.

@@mikewright2858 so your soon to be death comes before your children or family's future.

Oh Boy don't even go there! when they're 18 they can get a FULL TIME job while they work an extra side hustle THERE'S MANY OPPORTUNITIES OUT THERE and they can make it happen. Nowadays you can sell many things online without having to leave your house, there's so many side hustles such as Uber and food deliveries, Amazon deliveries and the list GOES ON. If you work hard for it you can accomplish it. Stop babysitting your young adults after high school, THEY ARE ADULTS NOW. Parents like you is why so many kids don't take their education seriously and major in stupid things in college because it doesn't cost them a dime and they just take it for granted.

@@johnmartin4641 I noticed this too. A part time job for a high school kid is fine, but they shouldn't be expected to pay for all their college expenses with said job.

Yep ! Perfect very nice my brother just like this too he appreciate his life and can focus on other things not drown in debt

@unfair sanic Don´t wait too long before having kids.

Beautiful, kind parents!

Mine did the same thing. Sorry to hear that your parents are no longer with you. But I am doing the same thing for my children my parents did for me.

@@davecopp9356 True, unfortunately. My professional colleagues have had fertility problems and kids with serious disorders.

Yeah that first part made me think he was looking for an excuse not to pay rather than be honest with his kids. Not a mentality I like.

I doubt he'll read it anyway.

Nailed it

Good points. Capital letters?

But for many parents college isn't necessarily a need, it's a want.

Facts

I bet that experience built some character.

PRECISELY.

What would happen if he paid for the kid's college and by means of doing so sacrifices the ability to cover his post retirement life? Do you think that would be fair to those kids (and their spouses) when they're trying to raise families of their own? That emotional quid pro quo blackmail sounds good in the abstract. Its another thing entirely when you have to deal with the realities of it.

Well, without paying for college he is still supporting his children for 18 years. That's nothing?

Deep

It never ceases to amaze me how people think "all or none"! I paid for college, but not books or spending money. Books - they should have a stake in their education; spending money - I'm not paying for their partying. They worked summers & budgeting was part of their education. Both started working in high school & shared a car in which they had JOINT responsibility to fuel & maintain the car WITHOUT ARGUEMENT. Part of their education. Too often parents take care of everything, push the kids off the responsibility cliff without any small steps in between. It shouldn't be all or none, but gradually requiring levels of responsibility so than they can have confidence in themselves at increased levels of responsibility.

Community college can be a good route for some. I think it depends on what you want to do.

Did you get mugged? std?

Great for you!!!!

@@MicheleNichols2 I get what you mean. I was just thinking that, for some kids, worrying about credits transferring and uprooting oneself could throw them off track. I've heard some horror stories.

My parents barely could and I went to community College 1st and now we're cash flowing our son's college and our son mapped out his education by 1st going to a community College and then transferred over to a university. He's almost done.

Exactly. If Daryl is ok with impoverishing himself and his family, he can work a series of minimum wage jobs to make scholarships and grants a reality. It's no longer the 1970s when tuition was $700 a semester.

This is what happened to me. Received no help with school due to my parents income, and had to pay every penny myself

that’s what happened for me. my stepdad worked in the oilfield high up, my dad was a master sergeant in the air force and now does military contracting. so they both made really good money when i was graduating highschool… i didn’t qualify for any kind of financial aid since i lived at home. it didn’t seem fair since both sets of parents (mom & stepdad, dad & stepmom) didn’t want to pay for my college yet i was punished for how much they made.

@@seaportsthename your dad should’ve received a GI Bill benefit for you, no?

@@bharris4517 yes, but he wouldn’t give me the info for it because of family drama (not even my fault). i have a very selfish toxic family on both sides…

Wait until you find out how the US general public is doing.

Well maybe 40% of college grabs shouldnt have gone to college in the first place

@@xenn4985 Maybe you shouldn't believe everything you read on the internet. Also, you might want to compare how college grads are doing to high school grads. Only Americans think education is bad LOL.

@@Anthony-db7cs You assume im not speaking from experience. your loss.

@@xenn4985 Figures, you don't have an education beyond underfunded US K12. You are incapable of looking at data. You rely on personal anecdote like an American layman would do. Most people that aren't well off after college usually went to random knockoff schools and came from lower class backgrounds to begin with. Americans think education is bad and then wonder why the world views them as imbeciles LOL

i think i briefly heard him say he still had debt?

@@michelleh4717 He did sound pretty broke, and no mention of whether he's married to his kids' mom or if she is employed. Like so many Ramsey calls, important details were being left out. Instead of ranting, Dave should ask callers what their HHI is, expenses, family size, etc.

Built character and taught you how to be frugal I bet?

@Danny Padilla There is nothing wrong with helping your kids. I went to school with a lot of wealthy kids, who were tracked into the gifted program from the time we were in middle school. They knew they were privileged, and their parents made them work their butts off. The vast majority ended up being quite successful. This caller is poor and has a poor person's mentality.

@@chocolateangel8743 Definitely good to mention that, it is often the case where people cite that one rich kid who is spoiled and ruined their life. Then it is used as an example and applied as a justification not to help at all. Typically those, who are better off, put a lot of effort in their kids and they are far more likely to be successful. Most students in poverty typically fall towards bad crowds, early pregnancies, drug usage, but everyone look those problems over.

So,you,have no idea what you’re talking about

@@dcg590 You can procreate without knowing anything. It’s the easiest thing in the world. Doing so AFTER thinking things through is what’s hard.

@@dcg590 Shut up. I don’t have kids but I was the kid in a situation with my parents wanting to help me with college because they knew I would need the help and also because I’m their child. And I’d do the same for my child.

At what point would you say it would impact upon your own retirement ?

@@TakishaEtienne for the good of your hypothetical children, and even though I think you’d make a great parent, please don’t have kids. Spare them all the harm & suffering in this messed up world we live in. If you’re can & are willing to, you can always adopt whenever you’re ready. Let’s help those who are already here instead of burdening an innocent soul with all of life’s meaningless bs

Exactly; it’s frustrating that people use such simple solutions for complex life decisions. My wife took one year off and worked at a hospital as an admin. She then worked during school part-time. She has a doctorate with $50k in school loan. It’s not $0 but it’s better than 90% of people who spent four years of their time for a useless degree.

Or you could have just went to another developed country.

You have to be a citizen.

I'll bet that full time work gave you some direction that bouncing around academia taking every 100 level course wouldn't.

Military is always an option.

@@darex0827 Not everyone wants to join the military and that's okay.

@@darex0827 Some people come out of the military without their legs, with their hearing destroyed, or their brains damaged.

Oh thats freaking DRAMA!!! There are CHOICES that make college affordable. Get over your drama

@@genxx2724 What % do you think that is DRAMA QUEEN? Omg really? lol

My life 🙃 at 23 but atleast no debt, and really can't put my self through college so I work but don't have much at the end of the year, usually cause low pay jobs that I only work for a year or two and stress at home so yea I guess I need to work more even though that's all mostly everyone says but themselves don't want to and don't gain but instead always in the hole and spread negatively throughout and wonder why next generations care less and less like their parents.

Yeah, this guy is looking for reasons to be selfish and not put money away forr his kids' future. Him and his parents come from a time when college cost a few hundred dollars per semester. My dad's medical school tuition was around $500-$1000 per year in the 1980s. The EXACT same school he went to is now $30k+ just for tuition. That doesn't include books, food, living expenses, health insurance, or anything else you need to survive.

@@joslinnick We as a society have to ask ourselves why have the costs of college skyrocketed in such a short amount of time and make changes to the system.

This is exactly what I have seen in my life. The people that had emotional and financial support throughout college or tech school ended up doing way better in life than the people that had to struggle and get loans.

This is exactly what it comes down to. This guy simply doesn’t care if his kids succeed and wants to justify his decisions toward that end. It’s really no more complicated than that.

Absolutely agree.... Associates degrees should be done local on the cheap at community colleges, in my opinion. Both of my older siblings decided to go to college out of state(so no one could watch what they were doing) and relied on our parents to pay for it all. Neither one graduated. They BOTH got crappy grades and dropped out within 3 years. I visited both of them as I was about to enter college(they were still in school), to get a feel for it, and all they cared about was partying. Neither one even got a Bachelor's degree. To me, that was a total waste of my parent's money. Seeing their shenanigans and how much it cost my parents, helped me decide to go to community college, work hard on my grades and get grants and scholarships on my own. What those didn't cover, I paid for myself as I went along by working a warehouse job in the evenings. My folks didn't have to spend a penny on my education or carry me, and the truth is they really couldn't afford to. The other kids wiped out all that money with zero to show for it. My kids are old and out in the world and in their 30's now, but my wife's children are still in their 20's and late teens. The only one in college, the 20 year-old, just washed out of college with an abysmal GPA. He was warned that we would no longer pay a dime for his education if he didn't hold at least a 3.0. After the warning he proceeded to literally do nothing but screw around playing videos games and playing on his phone, failed to show up to over 50% of the lectures for every class, and tanked every course. All the time lying about how he was working hard...he wasn't. How you can fail every single course is a mystery to me. His mother is a Summa Cum Laude graduate(perfect 4.0 through hard-work at age 39...I witnessed it first-hand) that paid her own way. Needless to say, she's absolutely jaded on the topic now, the bank is now closed for business, and I don't blame her. So, if parents don't want to throw money at the lazy aimless ones...I get it. If it's like you described, though; highly motivated, gets good grades and is focused, hell yes help them get there. 👍

The only thing owed is raising them until age 18. Anything after that is a gift from the heart. I don't owe anything and their not entitled to anything. I'm entitled to a retirement I worked hard for.

Well, he cared and provided for THEM for at least 18 years! All those years are not done away with because he doesn't pay for college! Sheesh...

@@margietucker1719 He never said he took care of them for 18 years. He said he doesn’t want to pay for their college.

@@margietucker1719 18 years is not enough

​@@margietucker1719I won't make that assumption. Dude sounds selfish and he wants to do the minimum. There is a big difference between I can't pay and I won't pay.

That’s a great idea to give them a number that he’s willing and/or can afford to pay.

If you can. My daughter is going to a community school first THEN going on. I will pay for what I can but she's also not going into debt like I did for it.

It is most definitely a luxury to go to college. There are so many other options in life.

It IS a luxury...a super expensive luxury. Most of the trades... plumbers, electricians, etc.actually make far more money than most college grads do. And a huge chunk of college grads don't even go into the field they majored in. Many people are in debt for a huge amount of wasted money. Taking on that kind of debt because of greedy, over-priced tuition is the height of stupidity.

You are so right, best comment on this video by far.

I'm helping my daughter by teaching her the value of getting good grades which can result in scholarships and teaching her about choosing the right career path so she can get a return on her investment in the long run.

18 years old is an adult in the eyes of the law. There are a ton of ways to get your education paid for if you're not afraid of a little hard work.

Very wise decision!👍👍👏👏

Well, that in and of itself is telling - if the kid only is willing to go if you pay for it, then I question their dedication to their own future.

And in deciding not to go, they instead go find an apprenticeship, join the military or find entry level work and develop marketable skillsets without sending them into their adult lives thousands of dollars in the hole. Instill a good work ethic in your kids and they will find a way, college or not.

Furthermore, college is not for everyone. Most people would be better off working right out of highschool, maybe going to a trade school or pursuing some further education later in life once they have some money saved up and some experience in the real world. The number of people going into tremendous debt or spending a bunch of their parents money on a liberal arts degree and then going to work in a restaurant or something is ridiculous.

This dude doesn’t get it!! Probably will blow his money before dying and giving it to his parents!!

Wrong. He does have a choice to not pay for it.

That's the same thing basically as when people say their kids are responsible for taking care of them as they age since they didn't save anything.

@@jimmymcgill6778 No one said he didn't

@@Ryan_DeWitt Great point

His attitude is “I didn’t get help so why should my kids?”

@@kman20 right. I almost got the feeling he’s jealous of his kids and highly selfish for sure!

Exactly

That lack of income then translates into so many other struggles. Not being able to get housing, cars, phones. All of which the caller will then blame his kids for not being able to secure due in part to him not setting them up for success.

They still can get a degree but just not funded by mom and dad. It’s prolly resentment that the kid feels to his parents when they are older and say why do I have to help my old parents? But sounds like this dad just financially can’t afford it so that’s a different story.

You can do better than Burger King without college, though. Where I live, people make a killing as bartenders.

Mirror image of what is going on in my life. My son is about to buy a house too.

Word of advise, don't make financial agreements with family they have no legal obligation to fulfill. You were a success, that doesn't mean they will. You are just asking for that deal to blow up in your face if they fail. You will find yourself with a flunking child who blames YOU for the debt you are demanding back and you will never see the money, or the kid again.

Yep

Should have went to Europe

Listening to a lot of these callers, college seems like such a waste when it comes to income, isn’t required for the baby steps to a millionaire and often doubles their out of debt time frame.

I paid mine off too and would do it again. I need and use my education.

You did the right thing, you showed them YOU REALLY WANTED TO FURTHER YOUR EDUCATION and you worked for it. If you can do it, anyone can.

I think it is parents responsibility too. The kid didnt ask to be here, you eouldnt need to pay if you just didnt have a kid lol I dont know why parents dont prepare to pay for their kids education thats crazy to me

😂

I’m Asian and my parents didn’t help with tuition only fees and commute. If only all Asian parents were as generous 😅

It is a luxury, which is why it shouldn't be publicly funded.

I know a lot of people without one who are doing just fine because they learned a marketable skillset instead of aimlessly taking every 100 level course on "something something studies".

@@nicolcacolanot really. Nowadays it is almost needed to make enough to raise a family. It is essentially 13th-16th grade

It’s a fact of life. It’s so expensive and you can make money at other jobs that don’t require college

That is cold. My parents didn't pay for my siblings or my tuition but we sure would never desert them when they become old and feeble.

@@TShirtAndReeboks it is pretty cold to tell an 18 year old to be in debt for 25 years because they think they will learn more by Paying for it themselves. Parents can save and invest for their own retirement and long term care a lot easier than a teenager can come up with college tuition.

@@TShirtAndReeboks It’s not about deserting them. They can cash flow their retirement!

@@TShirtAndReeboks how many children fund their parents' retirements? I bet very few!

Oh, and I paid my own way through nursing school, too.

College is BULL***T

@@silentnot4812 don’t have to be a boomer to have their energy. Wish none of the things from that generation passed on.

@@Bigbilly-ms9bn Really? Like equality for women, minorities, and the disabled in the workplace? Automatic doors and wheelchair ramps in public buildings? Who do you think fought for that?

@@genxx2724 and now the same people are taking those “rights” back. Nothing but boomers running things and gen x and everything’s falling apart.

It's not a boomer mentality, I'm all in for helping them with many things to make it easier like paying a used car to help them get around, paying for their cell phone service or even gas money, you know little things here and there. But to pay for College, they better prove to me they really want it by getting a scholarship or working a full time job while they go to school. Things in life are VALUED MORE WHEN IT'S EARNED AND NOT GIVEN".

Millenial energy: "The only way that my elders can make my life better is to give me their money."

Hes a typical dead beat dad who never even wanted kids in the first place. Shoulda kept his pants on

I was wondering what Dave major was in college where he was able to work 40-60 hours a week. It definitely wasn't a difficult STEM major, that's for sure.

Yep. I majored in math, minored in English, and I worked 6-12 hours per week just for spending money. Beyond that, I studied...a LOT! My husband studied engineering and studied ALL...THE...TIME....and that's how he had such an excellent GPA, which is also what sets you up for graduate work if you choose it (med school, law school, masters, PhD admissions all highly dependent on undergrad GPA). In some of my English classes I could coast, but certainly not in the STEM stuff. And even some of my English classes, we were reading 20+ hours per week. Many majors outside of STEM have extensive term papers and projects that are not completable to any serious degree in spare time built around working a 40 hour job. But for sure if you want to be a good student in engineering, physics, math, etc. you are certainly not working 40-60 hours a week in a job. School IS your job.

​@@blk1735iirc, dave has a bba in finance. From u.t.

Id argue it is. We’ve known college is expensive, and that the tuition would go up. We’ve known that it is not possible to make enough money in HS to even cover a 20th of the cost of college. So why would we have a kid, knowing that he was going to be in this shitty situation? It’s not the 1960’s, where you can work your way with summer jobs. Even so, it seems like the obsession with overwork in the US is concerning. I would not have a kid until the cost of college goes down. Trust me, the kid doesn’t feel good about the financial strain on his parents

There are many kids who choose not to go to college, drop out on the parents dime or leave parents with the debt into their retirement years.

Yeah, these are the kids who just want the "experience" and not the work. If my kid said that, I'd question if they really want to go at all. I am not just going to fork over part of my retirement just because it's "expected". It would bother me if the kid was not willing to go into debt for THEIR education, but are perfectly comfortable with me doing so, as I get close to retirement.

Lol wages are far from the same! 😂😂

Wow my kid was lucky. She got a bunch

I did not have to pay very much towards my education, Grants, Scholarships paid 90+ % of it.

Yes and I bet he wouldn't hire them and definitely would not keep them on if they were not killing it. There must be tremendous pressure to please Dave. You didn't think your comment thru at all. This isn't Dave's washer and dryer fix it shop.

@@pep590 They are parrots

You were great parents in my book. You gave you kids a headstart

The parents so many of us wanted and deserved

Same. My parents didn’t really understand the value of college. I could have skipped it and they would have been just as proud. Add to it, they couldn’t afford it and my dad died when I was a senior in high school. So paying for my kids’ education is one of the most satisfying things I do.

AMEN!!

or the parent can tell them the truth, i work 60 hour a week, BUT i still can bearly affrord rent so i can not pay for collge

Maybe they didn’t know themselves.

Untrue. You don't owe children anything. If they work and go to community college they will feel proud. If you're rich, pay part of it

@@georgewagner7787 - I said in my comment that you are not obligated to put your kids through college. I just think the person that would go out of his way to call to say he wasn't going to pay for his kids college is a d-bag.

@@georgewagner7787 “my children didn’t choose to be born, I chose to have children. They owe me nothing, I owe them everything”-Elon Musk. The vast majority of people I’ve seen raised the way you describe have accomplished nothing. I’ve seen that strategy fail way more than I’ve seen it succeed. I had my college paid for by my parents and retired in my 50s while other people I know that were raised that way are still working in their 60s. Someone even posted a link in another video’s comment section from this channel to a study that shows that people who have their parents pay for their college go on to be more successful than those who pay their own way. What will make them proud is to graduate from a higher tier university with no debt and get a good paying job and start a family of their own, not working for less pay and debt.

Oh brother!!!

What? A kid can definitely make 60k by working in high school and then pay for tuition, lol. It’s amazing how many people don’t get this. Just because the kid is 18 doesn’t change the fact that he was involuntarily brought into a world that expects you to sell your soul to get by

Very well said, in my experiences, work ethic and common sense is more valuable in life than most degrees, my parents and coaches provided me the first two and I took care of the rest.

Even if they don’t intend on using their degree, just having the degree gets your foot into the door. It’s a good backup plan to be educated in todays society.

@TBD Yeah my dad started a custodial brokerage account for me in 9th grade years ago. Things are different now. My nieces and nephews have custodial brokerage account and 529. Roth IRA starting at 14.

@TBD homie relax I didn’t even comment on your comment or tag you? You tripping tripping.

@TBD you must not know how comment sections work, you’re not the one who posted the original comment… learn how to use the internet bro.

@TBD it’s just weird you commented on mine as if I was responding to your comment, that’s all. I was responding to the main commenter.

Precisely!

What does the community college option and living at home have to do with being able to work?

@@genxx2724 it's all about keeping the costs as low as possible. College kids can work part-time jobs and easily earn $10-12k a year which is enough to pay for college. Why waste that money on room and board, or an apartment? It cost a fair amount of money to live on your own. Keeping my college kids at home offsets that cost.

@@richardaguirre3719 I agree. My point is, home or away has no bearing on working.

@@genxx2724 that's true. The only thing I was stressing is that unless there's already college money set aside is that it makes more sense to stay at home and cash flow it.

A pair of shoes, phones and clothes it's not 100,000$ + expenses from maybe their retirement 😒

Save and invest over time. My son is 13. I saved $150/mo for thirteen years in a 529. I was able to convert his 529 to a state prepaid tuition and fees for four years. Now I am working on his housing and food. You save an s invest over time.

Kids will VALUE MORE the things they work hard for MORE VS the things that are just given to them, kids these days are so entitled and take many things for granted. Kids need to understand at an early age that you need to work hard for what they want if they really want it. I can understand paying for their cell phone or maybe a used car to help the with transportation ease the pain a little , but not pat for full college, THAT'S A BIG NO. Get good grades and get a scholarship.

@@SaL-ep7zb again adults will learn more when they save enough for retirement and long term care by themselves. Don’t depend on roses to the doctor or help when you go into cognitive decline. Save enough for a good attorney and learn term care insurance 🤣

Bravo! 🥂🍾

I wish you were my dad.

I actually disagree. If you have a kid knowing what the cost of college is, and how important it is to have a degree, and how it’s impossible to make that money in HS, then you do have a moral obligation to provide. The kid didn’t choose to be here- you forced him into the world. That doesn’t change just because he is 18

This is such a cool idea! I love it!

Im with you. I think he may just have a little selfishness in there but it may be FEAR too.

He lives in California, which is probably scaring him to death.

Totally agree.

That's what my brother did. He let the military pay for it. Stayed in 10 years for that. Has PhD in physics, and is a physics professor. People don't need to sink themselves into debt. The students OR the parents.

That's the route I went. Still ended up with a crazy amount of debt and I walk funny. I don't want to tell people they have to risk their life in order to go to school.

I did as well Arleen. I salute you.

My daughter has asthma, and my stepson has a heart condition. Unfortunately, it's not an option for everyone.

Or you could just go to another developed country that actually invests in higher education.

He’s treating it as all or nothing. He could invest what he can for college along the way. For goodness sake, he said it’s 12 years away. So he’s already being defeatist when his kid is six years old? 🙄 Perhaps he doesn’t even have what it takes to instill character in a child.

No no. He can afford it. He just doesn’t want to set money aside. He’s putting his kid at a disadvantage over others kids. It’s hard to work and study at the same time. It’s amazing for those who do it though.

It’s a weird American culture to pay for their children to go to college. My parents should enjoy the money they earned. At 18, I was an adult.

@@NoRegertsHere America is one of the few countries that charges for college. So this isn't like parents in some countries don't help their kids with tuition, but in America we do. No other parents around the world are faced with this situation.

Colleges and universities may not be teaching this these days: life is full of stress.

@@paulk9985 they dont be teaching anything except how to keep you within the paradigms of the system. biggest waste of 50k. if i have children they will not step foot into a university ever