thom02099 wrote: Yeah, I made mistakes along the way, but they were MY mistakes and I paid for them...and learned from them.
Heh well I understand that you are only seeing this from one perspective so I won't hold it against you. The reason he does not have any loans is the fact that his grandparents set up a college fund for him when he was born and it has grown to the point that he does not have to pay for college. On the fact that he does not have I job I do agree with you to a point. He should be doing internships at the very least. He does not spend much money however. His parents pay only for his living expenses. His housing is paid through the fund since has lived in the dorms his entire time at school. He always eats on campus using his meal plan to pay for all his meals. Also paid for with the college fund. Any other "extras" are paid by him with money he had gotten from birthdays or holidays.
He does not have a car and uses the free pass that our university gives us to use the city transportation to go anywhere. And he only just recently got a new phone after his previous phone completely stopped working. It was a feature phone and a lot of times it would not get texts or calls until the next day. He did not want to upgrade because his parents would have to pay for a data plan. He is a rather frugal person that has worked hard academically to get to where he is today. He is double majoring in engineering and will be graduating soon.
So while you may have some notions that he is another typical American college student who leaches of his parents you are wrong. The fact that a college fund was set up for him when he was born to enable him to not have to accrue debt should not be held against him. And on the point of his independence. I do think that he does need to pull back some but I have already been helping him do that. However, he has a great relationship with his parents. His dad is his friend as they both share the same interests. This is the same with my dad however and I would say that I am pretty independent.
In conclusion, you may say that he needs to "cut the strings" but that is your prerogative for your children and it may work great for them; however, you do not have any right to judge other people's parenting based on one short post asking about credit. Just because you think something is good for your own children does not mean that it is good for others.
I wish your kids the best of luck in both college and life. I unfortunately have over $50K in loans so far and will be paying that off for several decades. I am happy that he will not be burdened with our broken education system that shackles college grads with crippling debt that can only ever go away if they die since college loans are exempt from bankruptcy.