Should Parents Pay For Their Children's College Education?

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?

On one side, parents want to give their children the best chance for a happy, financially sound future. They don't want their kids starting out in life burdened with student debt—a burden that could be substantial given that the total cost of a four-year college education may approach a quarter-million dollars these days.

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