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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1003933" data-attributes="member: 12570"><p>My ex and I did not want our kids to be overburdened with student loans upon graduation so the plan was to split their first year between us and split the remaining years equally in thirds. My daughter took care of her business and then went on to grad school on her own dime. My son partied way too hard in his first year so the ex and I shut off the spigot and he has had to pay his own way. Both will have graduated with at least a 3.5 GPA and about $20K in students loans.</p><p></p><p>If you are adamant about them paying their own way you may want to look in to emancipating them. They will receive a lot more financial aid by doing so. The flip side is you will no longer be able to list them as dependents on your tax return.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1003933, member: 12570"] My ex and I did not want our kids to be overburdened with student loans upon graduation so the plan was to split their first year between us and split the remaining years equally in thirds. My daughter took care of her business and then went on to grad school on her own dime. My son partied way too hard in his first year so the ex and I shut off the spigot and he has had to pay his own way. Both will have graduated with at least a 3.5 GPA and about $20K in students loans. If you are adamant about them paying their own way you may want to look in to emancipating them. They will receive a lot more financial aid by doing so. The flip side is you will no longer be able to list them as dependents on your tax return. [/QUOTE]
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