In a recent Wall Street Journal article, Darla Kashian argues that children should shoulder some of their college costs, even if their parents have the means to pay for everything. This would help them value their education more and also increase their focus, discipline and sense of pride. If they choose to take this path, parents should inform their children early on so as not to blindsight them. Furthermore, they should help them think of ways to raise the funds, such as working during school or different spending habits.
Posted by Elizabeth Cheung, Associate Editor, Wealth Strategies Journal.