Would You Let Your Family Pay For Your Education?

When I was in high school I was very envious of those people who had families that would/could afford to pay for their college educations. They were being set up for success financially because they wouldn’t start their professional lives in mountains of debt like many people do.

When I started college after spending the summer and my senior year working, I had saved up enough money for the next few semesters’ worth of tuition and living costs, and I quickly became not-so envious of those students whose parents were paying their way.

While I do not pass judgement on anybody for accepting the tuition money from their parents, there are a few reasons why I have decided that I would not allow my parents to pay my tuition if it were offered to me (but it probably never will be anyway).


I enjoy my independence from my parents. As much as I love them, I just don’t think I’d love feeling that because I’m taking their money for my tuition, I am dependent on them.

If you are dependent on somebody they should have a say in the choices you make, and I am more than happy making my choices by myself and based on what I’m feeling and my own decision.

Even if my parents didn’t try to influence my choices, I would feel bad if they were paying so much money for my education if I didn’t ask them their opinions or take their advice.

Learning about Money

I have always been relatively good with money since my first job but I think that being a student who has to pay for almost everything up front without student loans or parental help has helped me learn even more about money, like budgeting and making a dollar stretch.

I know how important it is to work and save and invest, because I rely on my income from all of those things so heavily.

More Responsibility

I take a lot more responsibility for my education and choices than some of my peers who have their educations paid for by somebody else (even loan companies) but that might just be me. I always turn in homework on time and get to exams on time and try to take steps to ensure that I will get a job after graduation and so many of my classmates think it’s all a joke.

They aren’t paying attention in class and not showing up or showing up after a night out and almost falling asleep in their seats. it depends though on the classmate, and I don’t know that who pays for their education really defines how well they do in school so it could come right down to personality.


Because I don’t have the money to drop out of one program and start up another, I have to stick with my original major, and therefore I will probably be in school for less time than those people who switch majors because they have the money to do that.

I think if I had it paid for I would be less decisive and firm with my major and potentially end up in school for a lot longer because not every dollar counts, because it’s not my money.

My mom has a friend whose daughter dropped out of her program during her last semester prior to graduation. My mom’s friend is livid and swears that if her and her husband had not paid for the education, her daughter would have finished up and been a teacher by now. It’s just one example but it’s interesting.


Did you pay for your own education, take out debt, or did your family help you out? What are the pros and cons?


Would You Let Your Family Pay For Your Education? — 6 Comments

  1. Short answer probably not, I am not likely to pay for my kids college education either.. For me there is great value in forcing kids or young adults to do this themselves :)

    Great question though

  2. I paid for half of my college education. It definitely made me motivated to stay focused and get done as fast as possible. I graduated in 3.5 years and am proud that I got through it all. And thankfully all my loans are paid off now!

  3. I had to pay for my own college education. I used a combination of loans and part-time work to graduate with a reasonable amount of debt. Unfortunately, the growth in college tuition has outstripped inflation by a fair amount in he past 20 years so I do think it is a little more difficult to just work your way through. I save right now for my son’s college expenses. I figure by the time he goes, we’ll have saved something for him which will be more than what I was given.

  4. To answer your question, I did all three: pay myself, borrow money, and my Dad helped. Basically I worked as much as I could and earned as much as I could. That wasn’t enough to pay all of my college expenses, so Dad made up the difference. And I got a couple of loans to help too. (I used one to buy a motorcycle. :( )

  5. Pingback: Living Outside the Financial System | Poor Student

Leave a Reply to Jef Cancel reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>