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Deciding whether parents or children should pay for college

by Freddy Tay

Created on: July 16, 2009   Last Updated: July 18, 2009

One drudgerous aspect of child-raising is college funding. Parents will hope that their children, if possible, will end up graduating from college to get a better job. But let us question whether parents should fund their children's college education or children should be independent.

Reasons for Financial Support

The instinct to protect and provide for our young is an intrinsic quality of humans for the reason that children will mature only after they are nurtured by their parents. It is only natural for parents to feel responsible for their children's education.

Benefits of College Funding

Children feel empowered knowing that their parents are financially supportive of their college education - an arduous pre-step to landing themselves a better job. Eventually, parents' financial support will boost their children's potential to excel in college immensely, provided that the child is motivated. Parents should educate their children that they should correct their attitudes towards studying. Funding their college also means that children will not be burdened financially once they finish college. This acts further as the children's 'head-on' when they start implementing on their financial goals.

Adopting the Correct Mentality

Ultimately, parents may or may not support their children's college education financially given the circumstances that prevent them from supporting. What truly matters is that parents should feel that they are responsible for college funding. We should not dwell on explicit displays of funding, however, we should scope more into the perspective of parents - whether they feel responsible toward their children - as college is technically the final step to mandatory parent support. Children should also be driven to succeed in college as it will be a waste if they do not.

Disputes over parents' supporting

There will be situations where children are not motivated or are mentally weary of studying. These are cases where plans for college funding backfires. Children may also receive accolades of exemplary performance, i.e. scholarships and awards to fund their college education. Loans are also available from banks and other financial institutions. Children may be more motivated when the responsibility lies on them as the funding is dependent on their performance. Self-supporting relieves family burden and is generally believed to be an act of filial piety.

Conclusion

Family support is significant in the motivation dynamics of a child, and I believe all parents should fund their children's education in college; it is the key to their children's door to success.

Learn more about this author, Freddy Tay.
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