POLL: College $$$, who pays/paid?
- Thread starter Mo0o
- Start date
Ricemarine
Lifer
- Sep 10, 2004
- 10,507
- 0
- 0
Though it is early in the poll, the thing that catches my eye is Americans v Asian repayment. Seems like the way things run for asians is when the parents get old, the children repay/support them...generally.
dug777
Lifer
- Oct 13, 2004
- 24,778
- 4
- 0
I've got about AUD 35k to repay on my law/econs degree.
Everyone here is entitled to interest free loans from the government for their first undergraduate degree, which is kinda awesome...
You then repay set amounts as your income goes up, and you can repay above that at something like a 20% discount.
EDIT: not one to be picky about these things usually, i find the 'asian/american' distinction in the OP rather racist.
If someone is of Asian ethnicity, but was born and raised in the US, they're just as much an American as anyone else.
Everyone here is entitled to interest free loans from the government for their first undergraduate degree, which is kinda awesome...
You then repay set amounts as your income goes up, and you can repay above that at something like a 20% discount.
EDIT: not one to be picky about these things usually, i find the 'asian/american' distinction in the OP rather racist.
If someone is of Asian ethnicity, but was born and raised in the US, they're just as much an American as anyone else.
- Jul 31, 2001
- 24,227
- 3
- 76
Well, thats kind of true and kind of not. Originally I was going to use White instead of American but I wanted to include African Americans into the polls and exclude europoeans(since alot of the countries have different education systems) as well. And alot of Asian children continue to hold relatively traditional views on life despite living in America. I guess the distinction for this poll isn't what ethnicity are you but what ethnic culture you feel like you belong to more.
my parents paid for it up front, and then I paid them back when I turned 21 and got the trust fund that my grandfather left me (same with high school... after paying for 8 years of education, I had enough left over to buy some ikea furniture for my apartment 
)
)
Uppsala9496
Diamond Member
- Nov 2, 2001
- 5,272
- 19
- 81
Your POLL options seem quite weird. In my case, I got a lot of financial aid, grants, and scholarships, and my parents paid the balance.
I'm white, I paid 100%. I think my parents would have helped if they could, but both were stuggling financially (separately, they're divorced) and just had nothing to spare. So I took out loans and went to a state school.
rh71
No Lifer
- Aug 28, 2001
- 52,844
- 1,049
- 126
Asian and my parents paid practically 100% for my education (state school). For that I am grateful and I can afford a lot more since I had few loans to pay back (problem with many kids who move out at 18 and have expenses). It's not that I was spoiled / given a handout - I worked numerous part time jobs starting at age 14. I worked 7 days a week while in high school and a few part time jobs while in college. It's just that this money could be spent / saved for me rather than having to use it to get a degree.
I will return this favor by doing the exact same for my kids, paying their college bills and help them get a good start in life. But they better show me some effort also. I will expect nothing back though, as my parents have not expected any monetary return either. They are middle class people who have worked long enough to have sufficient retirement money. If I'm not going to buy them a car or something (I'm not), then what I could offer them is not really helping them out anyway.
One thing I need to mention though - looking back, I feel that I coasted a lot in college because I didn't feel the burden of making my paid pennies count. I skipped many classes just because I felt like it. Had I paid for my education, I think I would've at least tried to learn everything I could there.
I will return this favor by doing the exact same for my kids, paying their college bills and help them get a good start in life. But they better show me some effort also. I will expect nothing back though, as my parents have not expected any monetary return either. They are middle class people who have worked long enough to have sufficient retirement money. If I'm not going to buy them a car or something (I'm not), then what I could offer them is not really helping them out anyway.
One thing I need to mention though - looking back, I feel that I coasted a lot in college because I didn't feel the burden of making my paid pennies count. I skipped many classes just because I felt like it. Had I paid for my education, I think I would've at least tried to learn everything I could there.
2Xtreme21
Diamond Member
- Jun 13, 2004
- 7,044
- 0
- 0
I'm (white and) paying for all of my college. The extent of my parents' help is the cosigning of my loans. I'm gonna have quite a bit of debt once I get out of college and for the first few years of getting a job I'm going to be paying my parents who are offering to pay my loans until I can. I hope to have a decent job when I have kids and I'll probably put money away earlier for them and, as long as they put forth a substantial bit of effort in getting scholarships and good grades in high school, they'll get a good portion of my help.
Being Asian has jack shit with who pays. My friend's (who is white) parents makes less than 30k a year combined and he has financial aid paying for his tuition and college bills. I am asian and my parents make less than 35k a year combined and have financial aid paying for my tuition. My cousin (asian too) has both parents (80k salary combine) has to pay college out of their own pockets.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 21K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes Discussion Threads
- Started by Tigerick
- Replies: 14K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter