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Originally Posted by asmom
Every month I deposit a large chunk of money into my kids' 529, but lately I've been rethinking my decision. I do intend to offer them some financial assistance with their college but I wonder if they would be more motivated if they had to work a little for it? In other words, instead of me paying 100% of the bill, why shouldn't I pay only say for instance, 70%? Why shouldn't they work for scholarships and try to get a part-time job or something to help themselves along? I don't want them to graduate with huge student loans but I think they should contribute something even if I am able to pay for all of it. What are your thoughts about this?
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What about if you had them contribute themselves? That is, if they are paid from chores or given an allowance, etc. Have them put a certain percentage back to go into their own 529. Certainly, you'd still be putting the bulk in, but percentage-wise, they could be doing just as much or more. This will especially be something they can see, and learn the value of, when they get older (i.e. - in high school) and have part-time/summer job(s).