Tyler Luker of Plano, Texas, is a high school junior who already knows which college he wants to attend (University of Missouri), how much it costs ($43,300 for out-of-state residents) and how much he can expect his single mother to contribute: nothing.
“That’s protecting my retirement,” says certified financial planner Sharon Luker , 64. “I don’t want to work when I’m 70.”
While most parents plan to help with at least some college expenses, more are coming around to Sharon Luker’s point of view that they shouldn’t sacrifice their own financial well-being to do so, a survey by student lender Sallie Mae found.
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Reblogged this on David R. Taylor-Thoughts on Education.
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