Should You Pay for Your Kid’s College?


The Wall Street Journal this morning has experts weigh in on both sides of six personal finance debates. My favorite is the question of whether you should pay for your child’s college education. Meir Statman, a finance professor at Santa Clara University, says you should pay for college, to instill the notion that an education is important and ensure your children don’t start off adulthood with crippling debt. Psychotherapist and Author Laura Herman says kids who pay their own way take it more seriously and are less likely to drop out.

SOURCE: Wall Street Journal

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