Dad Wants His Parents To Use Their $3 Million Retirement To Pay Daughter’s Tuition
Paying for college is something most parents worry about, given that tuition costs will only continue to rise. Between tuition, housing, meal plans, books, and all the extra fees that tend to accumulate, college has become a fast way to take on debt. In one family’s case, though, they decided to turn to their retired parents for help, who had an extensive amount of money stowed away. In a question submitted to personal finance publication Kiplinger, the grandparents admitted that they’re hesitant to pay for their granddaughter’s tuition because of how expensive it actually is. And despite having decent retirement savings, it’s still a fixed income. Dad wants his parents to use their $3 million in retirement savings to pay his daughter’s tuition, but she chose a college that costs $90K per year. “We’re 75-year-old retirees with $3.2 million. Our son’s pressuring us to help pay for our granddaughter’s college so she can avoid loans. It’s not our fault she picked a school that’s $90k a year! What should we do?” the grandparents shared in …









