Opinions: Should Parents Pay For Their Children's College Education?
“For many families, especially those relatively well-off, the idea of who will pay for college is a given: It is the parents’ responsibility. But should it be?” The Wall Street Journal reports. In their respective essays for the Journal, “Meir Statman, a finance professor at Santa Clara University’s Leavey School of Business, says this is an investment parents should make, even if it takes some money away from retirement savings. Linda Herman, a psychotherapist and author of the book ‘Parents to the End: How Baby Boomers Can Parent for Peace of Mind, Foster Responsibility in Their Adult Children, and Keep Their Hard-Earned Money,’ argues that it’s up to the kids to make it work.