I do not understand the concept of parents paying for college anyway. Mine didn’t have the means to do that and I didn’t want them to stress over having to do it, so I did it myself.
I also took care of my own college costs, but I can see how cost growth has far exceeded the general inflation rate and federal aid has been shrinking, to put that out of reach.
Also I benefited from a significant scholarship from my Dad’s employer, and that kind of thing just doesn’t exist anymore. There aren’t any for my kids to reach for
Where is here? For reference I’m in the US. I did a
combination of applying for a load of scholarships and grants, coupled with working while in college and then paying the rest off over time. It sucked.
It could kinda for us. For the kids now it is simply not an option. A six figure job right out the gate for years while continuing to live a student lifestyle (ramen, cheap drugs, etc) doesn't spend the loans down.