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Voluntary layoffs
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 4449461" data-attributes="member: 12570"><p>My ex and I helped to put two kids through college.</p><p></p><p>We also wanted to help them out but wanted to make sure that they had skin in the game. We split the first year 50/50 and the subsequent years were split in thirds.</p><p></p><p>Our daughter followed the plan to a T and graduated with about $23K in student loan debt, which has long ago paid off.</p><p></p><p>Our son? Not so much. He had way too much and was asked not to return for his sophomore year. He moved back in with me, we cut the checkbook off and he went to school on his own dime. He proceeded to graduate from the local 2 and 4 year schools (high honors) and went on to get his MBA from Clarkson, all on his own dime. $73K in student loan debt. He has a job at a major pharmaceutical company and has also paid off his loans (with a little---OK, a lot----of help from Dad. I lent him $51K at 0% interest when I sold my condo and ended up forgiving the loan. His employer paid off $6K and he took care of the rest.)</p><p></p><p>The first 4 years should be subsidized, if possible; however, anything beyond that should be on their own dime. My former business manager i working beyond his retirement date to help put his daughter through grad school. Nice gesture but I certainly would never do that.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 4449461, member: 12570"] My ex and I helped to put two kids through college. We also wanted to help them out but wanted to make sure that they had skin in the game. We split the first year 50/50 and the subsequent years were split in thirds. Our daughter followed the plan to a T and graduated with about $23K in student loan debt, which has long ago paid off. Our son? Not so much. He had way too much and was asked not to return for his sophomore year. He moved back in with me, we cut the checkbook off and he went to school on his own dime. He proceeded to graduate from the local 2 and 4 year schools (high honors) and went on to get his MBA from Clarkson, all on his own dime. $73K in student loan debt. He has a job at a major pharmaceutical company and has also paid off his loans (with a little---OK, a lot----of help from Dad. I lent him $51K at 0% interest when I sold my condo and ended up forgiving the loan. His employer paid off $6K and he took care of the rest.) The first 4 years should be subsidized, if possible; however, anything beyond that should be on their own dime. My former business manager i working beyond his retirement date to help put his daughter through grad school. Nice gesture but I certainly would never do that. [/QUOTE]
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