Originally Posted by surftheiop
My parents don't make enough to be paying for my medschool, but they did pay for about half of undergrad. If I have the means to (which I should so long as I don't have 20 kids
), I would definitely help pay for my hypothetical kids hypothetical med-schooling.
No reason to force a kid to pay a ton of interest to the bank on loans just so they can say they are "self sufficient", given the fact they are going to get whatever assets I have when I die anyway, I would rather keep that 100k of interest in the family by helping pay for their medschool at the time rather than waiting till I die.
I think this is the rationale behind many parents' decisions to foot their kids' medical school bills. It is a estate-tax free way to help your children out, and you can avoid paying interest.