Parents Should Help Pay for College

Most parents want to help their children out with college costs. But today, I want to focus on the moms and dads who possess the ability to pay at least part of the tab but have no interest in breaking open their checkbooks.

[Read about how the government overestimates your ability to pay for college.]

Some of these parents believe their children should shoulder the entire obligation because they had to pay for their own schooling decades earlier. Some believe that requiring their children to foot the bill will build character. Others simply don't want to reduce their lifestyle.

[Learn why saving for college won't kill your financial aid chances.]

Parents Should Help Pay for College