Originally posted by: irishScott
If possible, the parents should give the kid a full ride through at least 4 years of college. Beyond that it's up in the air. Personally my parents have agreed to partially pay for my grad school as well, but finances are my last real practical tie to them, and I'm one of the most independent people you'll meet. I'm getting a Computer Engineering degree with a minor in Bioelectrical Engineering. I'll find a decent salary somewhere unless the economy really dives into the shitter, and I'll blow the first month on celebrating my own little personal independence day.
I'm used to a high-middle class life, right now I drive I 2001 Volvo S60 Turbo more-or-less fully loaded that my parents pay for (was 17k used), but to be honest I'd be perfectly happy with some basic 90s corolla so long as it ran well (only other requirements being V6, working AC, radio, and all levers/buttons/lights functional). At least it'd be mine. Only reason I haven't gone off already is because I don't want student loans up the ass.