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I killed my teenager’s fancy college dreams

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Re: I killed my teenager’s fancy college dreams

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This happens to parents that don’t discuss the importance of having money in life. Also happens when kids get little to no financial education. The kids grow up thinking pursuing your passions and dreams is more important than accumulating money. And it feels so good and right until you find yourself broke and poor and your passion is gone, and you think life just sucks. It takes no effort to throw down a spreadsheet…

Your first paragraph is absolutist, judgemental, and, frankly, very naive. Our household has very open finances. We have dinner table talks about dollar cost averaging, compounded growth, and investing in broad mutual funds. Kids have a bank account with debit card at 14, and a personal Vanguard account at 18, as well as a Roth IRA in which we match their taxable earnings. And the kids know that making money is hard:…

Alot of your points, show an upper middle class lifestyle. Your kids probably live in a bubble with other similar kids.

You need to expose them to people who have made bad decisions. Seeing how people live can be very illustrative.

Re: I killed my teenager’s fancy college dreams

#462

Earlier quoted context omitted.

Working as a dev doesn't inherently prevent one from being healthy and active enough to be able to run a marathon, just gotta spend some time being active in your spare time. But killed knees and back due to a job in trades certainly will prevent you from running a marathon, no matter what you do with your free time.

Sitting in a chair all day is horrible for people though. (To say nothing of what it does for your attitude and personality).

You can easily mitigate that by making adjustments to your workplace (adjustable sitting/standing desk), as well as by avoiding spending a lot of time in a chair and being active outside of work. With trades, you cannot really do anything outside of work to successfully mitigate the damage done to your body, unfortunately.

Re: I killed my teenager’s fancy college dreams

#463

Earlier quoted context omitted.

These are my observations/opinions based on both graduate and undergrad school in the US. (1) In this utopian world, college owned dorms would be part and parcel of the free college. This allows control of the costs rather than allowing landlords to profit off of the university. The US has massive issues with expensive housing, even around rural universities. (2) I'd set the limit at, say, 6 years. 5 years isn't unco…

>I think the lack of a wide college education has reduced the discourse in the country (prior cheap college in the US was largely contingent on the Cold War and the GI bill; it's very complicated, but I do think it helped us collectively in the 50s-70s). I feel in this case, waiting for college is too late and the improvements should be done at the grade school level. Only a fraction of the population goes to college…

> I feel in this case, waiting for college is too late and the improvements should be done at the grade school level. Only a fraction of the population goes to college and as such even if the education from college was perfected, it would only apply to that fraction of the population.

25% or so of the population or so attends at least one semester of college. If I recollect the statistics right. Which is.... pretty dang good.

You're not wrong in that k-12 education needs to improve. That said, people have been moaning about k-12 education for the last 200 years in the US, and, well, I'm not personally particularly keen about hunting with that dog. In part because k-12 is considered a guaranteed education, so you ipso facto have to consider policies with address the entirety of the bell curve of the population, and the stakeholders are peculiarly passionate (their kids!). College has the profound advantage in that there's some flavor of choice in it, so you can wind up executing on certain rule changes without the enormous knife fight involved in k-12 politics.

I'm not disagreeing. But I think if we spec out the political fight between "federally mandate a substantial change in learning social sciences, history, civics, & philosophy across the US by Congress" (the required subjects for a competent civic education) and "free college for all", my money is that free college for all, with a free pony too, will happen decades before the other.

> I saw numerous people who took 5+ years doing so because they prioritized fun over education. Taking minimum course loads, partying instead of studying, etc.

I didn't see that, much. There was some. Very very small proportion in my experience. I went to state schools in Idaho, mostly around the engineering departments. Business departments or frats maaaaay have had different student populations.

I recognize your concern though. That is why I think > 6 years should be a fairly hard cutoff for government supported college. 5 years was pretty common for people who switched majors or had a rough semester. 6 years was rare.

> What do you think of a shorter term solution of allowing student loans to be discharged in bankruptcy?

I'm in favor of that!

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