[debtfreeme]

The parents of a friend of mine paid for her to go to school. It was a state school so slightly cheaper tuition wise but the school is located on the coast, not so cheap. Before she could leave she had to create a budget of all her expenses for each quarter and each semester. Her parents would send to her monthly her money or quarterly for school payments and such on the credit card linked to their that they paid off when she charged tuition and school books. But they made her learn about all kinds of budgeting.

I remember looking at her budget and since I had already spent two year away at school I asked her about laundry costs. She had not put that into her budget! She added it in and had a revised budget. Actually revised her budget many times over. It stuck in my mind because she only had something like 100 a month for fun. Anything more and she had to pay it out of her pocket. She worked pt in school and of course two jobs during the summer until she could intern, then she made 20k a summer!

The important thing was that she had a plan before she left. She could always call home and say XYZ happened and they sent her money, but she was (amazingly) required to submit a document to them that said what happened and showed where the money was spent, down to receipts.

It amazed me but she did a great job and had lots of money left over when she was finished with school. Enough that her parents surprised her when she was accepted to an MA program and paid for the first two years for both her AND her husband, if they followed the same ideas as before . They still worked but it was only on stuff that was directly tied to their MA programs.

It all comes down to the parents and using it correctly.