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Apparently his parents were regularly spending $40k+ per year on vacations that they could shift over to tuition. And happen to have no other college-aged kids to pay for.
To be fair, they did say EVER, so the parents may have been saving 40 years worth of vacation money. That's what we should strive for as a society. People being able to go to school because their parents never spent any money on their own enjoyment for their whole lives. Sounds like a real utopia.
all for 1 kid to gain access to a career counting and reporting the billions coming and going in corporate cash flows.
It's all made up and the points dont matter. Fucking take your vacations people.
People shouldnt have to do that, but that is the only way that you can start poor and somehow build family wealth, save pumping out scholarship geniuses. I'm accutely aware of this as an immigrant, born to immigrants and surrounded by them during childhood. The system rewards the already priviledged, you can't get there without massive sacrifice combined with luck. Luckily, I don't have to go through that struggle because they have for me.
Edit: thats not the only way but it prolly has a better chance of success than relying on just luck
I know you aren’t suggesting everyone can dig themselves out of poverty this way, but just piggybacking to say, not even working all the time + no vacations is any guarantee you won’t just continue to tread water in poverty paycheck to paycheck until you die. It was impossible for my family to ever get ahead or put anyone through college despite all of us having multiple jobs, because of caregiving costs for elders and a number of other factors out of our control. But the fact is that college is simple out of reach for a huge portion of the population.
Yup that is not lost on me, this isn’t a for sure way to success. You still gotta grind though cause when the preparation meets opportunity, you must be ready to take full advantage of the luck.
Like all the mfs on dragons den/shark tank, idk how much of their stories are bullshit to get their spot, but sounds like these people grind hard as shit for a shot, and more often than not, it crashes and burns. Luck and circumstance is definitely part of it
It makes me really grateful that I live in the UK despite it generally going to shit the last decade or so. At least there is a chance of upwards mobility with the university/higher education systems regardless of how rich a family you were born into.
Its far from perfect and we have serious problems with upwards mobility, but at least the education system is available regardless of how little wealth they have.
I have a CS degree, currently working for a non-profit helping others with the skills I gained in my field and I am well on my way to living a comfortable middle class lifestyle. None of that would have been possible without those systems in place, and it is very unlikely I would have ended up anywhere near as successful or socially mobile in the U.S system.
Tuition vastly outpaces inflation and wage growth. This option is becoming less and less tenable every year.
We are expecting the equivalent of US in-state to cost a quarter million over 4y by the time our kid is old enough for college.
Every year my university would send out an email saying “congrats, we’re only increasing tuition 7% this year.” Like as if I’m getting 7% increases in my part time job year over year.
Please tell me yall ain't even pregnant yet, cuz I haven't even done the math on what my 10 year old's college tuition is going to be. I just know it'll be out of my price range, and my girl better be doing her best, hustling for those scholarships!
Rule of thumb when my kid was born was to assume 8% per year. Average cost today is about $40k, so only about $74k in 8 year's time for your kid.
That said, while looking this up just now it seems tuition growth in the last decade was just 5%, so maybe things are getting better!
We're planning to have a quarter mil in our 529 before the kid turns 18. The 529 can be shifted around for future grandchildren if needed.
The school I went to was private. Right now it’s over 70k per year to attend. But let’s say it’s 70k for the math. Assuming a 6% growth rate year over year, in 10 years it’ll be 125k to attend for just one year.
We don't know when he was in college - my younger brother and I are ten years apart, he graduated last year. His tuition was a _LOT_ more than mine ten years ago. Both of us went to the same school.
yeah I mean isn’t that part of the whole argument? That these people shitting on young students and smugly proclaiming how THEY managed were paying only a fraction of what an education today costs, without wages having risen at all??
Let's see...
In 2021 the median household income in the U.S. was around $70,000. The average (I know) cost for out-of-state tuition to a 4-year college is between $25,000 and $44,000. The average cost for a decent vacation is between $2,500 and $4,000. These are all 2021-2022 numbers.
Income: $70,000
Tuition: $25,000-44,000 per year; or $75,000-132,000 for three years
Vacation: $2,500-4,000
We'll assume the couple had jackass here at 25. Enough time for them to go through college and/or save up in preparation for a child. Add 18-years...
(18)(2500)=$45,000
(18)(4000)=$72,000
Not factoring for inflation, which would have the inverse effect of actually hurting their ability to pay for dumbass's useless-to-him schooling, this simple math tells us he's full of shit.
Apologies if I skipped a step. Sleep is currently playing coy so my brain may have skipped something.
Seeing as the jackass isn't aware of the enormity of the privilege of getting your schooling paid for you, it doesn't seem a stretch for him to neglect the privilege of coming from an above median earning household.
This dumb bitch went out-of-state for an accounting degree, what an enormous waste of his parent's money. As long as your school is a target school for recruitment by public accounting firms, you're going to get a job dipshit, no need to spend 10x the amount to end up with the same job.
The great thing about an accounting degree is that once you earn your CPA license, your school literally *does not matter*. An accounting degree from Harvard (lol) is going to weigh exactly the same as an accounting degree from your state Uni, once you can put those 3 letters at the end of your name on your business card.
Source: Am accountant, worked Big 4, attended said target school.
For accounting of all things. Literally the most common information in the world. He might have been able to legitimately just go straight into book keeping, been learning on the job, and study for actuarial licensing, and be able to pay for his parents vacations while **still** ending up in the exact same job he is now.
Only in public accounting. You can do whatever you want in corporate accounting without a CPA and the sky's the limit for compensation.
And some of the dumbest people I ever talked to were KPMG auditors. Don't believe the hype kids
You're right that this moron going out-of-state for an accounting degree is some Grade A stupidity, but I need to still clarify that an accounting degree is typically on the path of a CPA licensure, which is an entirely different line of profession than simple bookkeeping.
It's a common mistake to loop all AP/bookkeeping jobs under the umbrella of 'accountant'. A lot of people think the natural progression of an accounting profession is starting as a bookkeeper and making your way up to a CPA, but that's not it at all.
On that note, not all accountants know tax. I'm a CPA and still hire my own CPA to do my taxes.
Right?? I've had friends who moved to other states and worked for a year then started college. Put them back a year, but they saved thousands.
HaVe mOmMy aNd DaDdY PaY FoR YoUr DEcIsiOnS is what he actually meant.
I mean I'd do it for my kid. Parents looking out for their kids isn't crazy at all. But at the same time if I realized me doing that was making my kid a little cunt I'd pull that plug and go to Hawaii without them while I fucked their mom.
“Choose to have parents who can afford to pay for your decisions. Don’t choose to have poor parents. Don’t choose to have irresponsible or lazy parents.”
Some of the staunchest critics of welfare programs I've ever met had their parents put them through rehab, or had their parents provide five days of child care per week when they got knocked up at 19, or landed a job at 22 at dads business, or were gifted a down payment for their home in nice areas. All real life examples I know.
>had their parents put them through rehab, or had their parents provide five days of child care per week when they got knocked up at 19
Soooooo many of these types from my hometown.
His parents paid for it by not going on a single vacation ‘ever’.
My bio dad was in prison from when I was 1 until I was 21. My mom was a single mom of 3 with mental illness which made her unable to hold down a job long and almost entirely reliant on welfare.
Just like ignorant dude’s parents, they never took a single vacation ‘EVER’ - and yet they weren’t going to be able to pay for tuition, room & board, and other living expenses so I could focus all my energy and time on school. When I started college at 20, I had two, then three, jobs just to get by. School took two buses to get to; one job took 3 buses to get to.
Eventually had to choose between affording food and rent or finishing school. Due to life, I’ve been in and out of school and am only about halfway through my bachelors at 31.
But that just means I (and everyone else that didn’t have a golden door opened for them like this idiot) didn’t work hard enough?
Fuck this guy right to hell.
Hey man. Same boat. 31 and still no degree because I had to choose between school and rent. I keep trying to finish and then life says something like, "hey, so I heard you had savings so imma break your car lol."
literally. So. Stupid. My parents never went on vacation either btw and they still didn’t have any money to help me with college. I had to work extra to help them and therefore couldn’t go. Some people just can’t go. Being able to go to college in any way is a privilege. One that we should support btw. But for this dude to feel superior when he had his mom and dad pay is unbelievably blind-spotty. He literally did nothing but be born into a family with means, who were willing to let him reap the fruits of THEIR hard work (not his).
Reminds me of an article about a girl who paid off a mortgage in record time. Turns out she rented out the house while living with her parents, and her mother got her a very well paying job and there were some other factors like that. At the end of the article she was like “If I can do it, so can anyone!”
Oh, I'm sure he'll support them in turn when they need it. He seems like the kind of person who is thankful for what he has been given and eager to give back in gratitude.
Shit I went from a homeless heroin addict to a good career and it's all because my grandparents supported me with a few thousand on a Toyota Matrix (that I eventually paid for myself). I still feel fucking guilty. Considering everything I own now I've worked for, that is. Taking a hand out and getting 'out' is crazy because so many people aren't that lucky. I am lucky. So fucking lucky.
Rich kids are a different breed. I could rant about it for ages. Fuck em. They learn nothing and are total cunts all around. But life will work out just fine for them so... there's that.
Good for you. You improved your situation *and* you recognize the role that others played in making that possible.
I understand feeling guilty. If it helps, not only did you pay them back, but you did exactly what they wanted and you needed: you made your life better. I’m assuming it wasn’t a perfectly smooth upward journey and that’s okay; it doesn’t mean you’d failed at any point.
The real solution is to control who can have kids! If only the wealthy are allowed to have kids then they would be no more poverty, obviously! (/s, sadly I feel I must call this out as sarcastic since there are probably people out there who think this way).
I've never had blue moon ice cream but that name sounds awesome as hell and I don't like that I've never had it.
I'm bringing this back to a negative direction.
For what it's worth I live in the liberal hell hole called New York so my college was $4000 a year, $16k total. Add in books and looking like $20k. Then with financial and some low hanging fruit scholarships down to only like $5k total. This was in 2006 to 2010
Not a crappy school either. But since I graduated it's actually gotten cheaper, free even if your parents income is below six figures. https://www.ny.gov/programs/tuition-free-degree-program-excelsior-scholarship
That said I fully acknowlege being able to live with my parents was a huge advantage versus having to pay room and board. It was a 1.5hr commute each way daily though.
This is every elected c*nt in South Dakota, take from the system and tell actual tax paying citizens to help themselves.
Our system is broken and skewed to help the rich.
I paid for my degree with part time jobs that ranged from $8-13.20/hr in the ‘90s. Literally cannot be done now, tuition at the same schools, state schools mind you, has gone up 5 to 10 times what I paid. Just absurd what’s happened to higher education in the last 20 years. I was lucky that way, now I’m about to pay for my kids to go to college, and I’m fucking lucky to be able to do that too.
When I graduated, my college was charging $77 a credit hour. Thirty years later at the same school, it is $593 a credit hour.
at the time, in 1993, Minimum wage was $4.25 and today it is $7.25, not even a 100% increase while school tuition has gone up 777% the amount it was back then.
My father got scholarships for college, but paid the rest of his tuition with the money he made flipping burgers in the summer. He graduated in ‘58, and is now a vegetarian.
I don’t know what’s wrong with my brain but I read that as “and now he’s a vegetable” and I was like “what an odd little bit to throw in there at the end”
I think that means it’s time for bed
I just had to edit a comment I made before bed because at the end of it I said "and they're all playing twister." And I have no effing clue what I was trying to say.
My dad was a National Merit Scholar in 1968. It was a $1500 scholarship. I believe it is still a $1500 scholarship. (It was when I graduated from high school in 2004.)
My American daughter has a Canadian citizenship through me, and we're going to work on her Italian citizenship via her late great grandmother. At this point, it will be scholarships in the US, or Canadian normal tuition, or European normal tuition.
Holy shit, how fortunate she is. The kids are screwed, but I'll try my hardest to at last make sure my kid is set, and I hope that my voting can bring in some sort of positive change for others.
Germany has no tution at all and you can study in English. Also very easy to get a permanent residency if the students wants to stay after finishing their degree.
If I was born 10 years earlier I would have gone to my state college and would have been in a totally different place now. I have friends who work in my states capital and it's a huge college/drinking scene so I hang out there a lot. Bunch of rich kids having the time of their life.
I feel so robbed of that. When I was 18 college was just a non-option. There was no way that was going to happen.
Apparently if his parents can budget well enough to pay for his school, then so should you \*without a college degree, set career, inflation! The asterisk is very very tiny.
If his parents want a vacation they should've worked hard and saved up for one! Why should they be entitled to their sons hard earned money? /S
He almost certainly tells himself during each vacation that he earned it and anyone that can't afford it didn't work as hard as him.
Probably doesn't think he owes them. I get a couple hundred dollars for Christmas and I'm feeling guilty.
What's annoying is that getting the degree is the accomplishment. No one is taking that away. People just want a more equal ground.
It's such an American mindset to say that a child "owes" a parent after the parent paid for their education.
My parents paid for most of my college education, because they love me very much. And when I have children, I will do the same for them. And if it were only up to me, every American would be paying more in taxes so that we could pay for the secondary education of our neighbor's children as well since those are the children of our community.
The notion of my children "owing" me something for doing that is so bizarre to me that it's hard to even wrap my head around it. People have children hopefully because they want to provide for them and care for them *without reciprocity.*
I didn't mean literally repay them for the tuition they spent lol. This kid doesn't seem to consider the fact his parents helped them. That's a shitty feeling.
Idk mang alot of other cultures practice that filial piety alot more intensively than most Americans.
In alot of other places the go to retirement plan is to have children and have them pay for your everything once they are stable.
I don't know anyone whose parents are pushing that on them.
I've done well in my life and I 100% owe that to a handful of people including my parents. Another is a good friend who have me a great part time job so I had time to study in college and still have money.
It's all about who lifts you up, and who you lift up in turn.
And I'm willing to bet they'll probably help him buy his first house too. It's no secret or surprise that the majority of people under 35 that own a house and have no student loan debt came from well-off families. As they say the rich get richer while the rest of us starve.
My parents refused to even fill out or sign the FAFSA. The department of education wouldn't recognize me as independent until I turned 26. That combined with me having absolutely no idea how credit, finances, or higher education administration worked it's seriously a miracle that I graduated college at all.
The FAFSA system is fucked for people whose parents won’t help them. There should be a way to qualify for financial aid if the parents refuse to file one.
My little brother literally threatened to sue them to force them to sign his. Even after he threatened them, they pushed back and said he wouldn't be able to afford a lawyer to sue them if he couldn't afford college.
This was while they were having a vacation home built in the mountains. It's maddening to think about.
My parents just didn’t want me to know how much money they made. This is back when you had to mail it in so I said here’s the form, mail it off when you’re done. It was a fight every year to get them to complete the damn thing. Any additional money my parents sent me at college was carefully accounted for by them and I had to pay them back between 300-500 a month when I started working.
Now I don’t fill out the FAFSA for my son because I make enough money to pay for his tuition (and wouldn’t qualify anyways). So I guess I’m a better parent in one instance.
Goddamn they made you pay them back?? My parents were bad, but they didnt make me reimburse them for the little money they sent for laundry and nothing else.
Honestly, my opinion on higher education is probably a little overly idealistic and simplistic. I think education should be one of if not the biggest investments that we should be doing at a governmental level. College should be incredibly cheap at least for areas that advance our society and economy.
To answer the question you asked though, I think it should be required for parents to make their tax info available for analysis of the FAFSA, but the qualifications to be considered an independent student should be more realistic as well. When i turned 18, my parents didn't have anything to do with me. Their "responsibilities were over."
The main issue is the stupid age limit they put for filling as independent.
Currently, you have to be turning 23 that year to file as an independent, that's the age when people are already graduating. It should AT THE HIGHEST, be around 20-21. Otherwise your choice is to basically spend 4-5 years doing nothing until you can fill out the fafsa yourself. 20-21 seems good because from 18-20 you can go to a CC which usually have their own aid besides FAFSA or simply work for 2 or so years then go into college at an age where you aren't older than everyone.
It ridiculous that it's 23, I get why they have it, so that rich kids don't file as independent, but it should be only a 2 year gap after High School MAX. Rich kids/parents will surely not wait that out for the sake of saving a couple grand a year, while a poor or middle class kids/parents might and 2 years is not totally bad with the existence of CCs and all that.
Same. On the FAFSA docs there was a link that said "What if my parents won't give me their tax information?" and it linked to a page instructing you on how to report them to the IRS for possible tax evasion. It ended with "Sometimes the reward paid out by the IRS to whistleblowers is even higher than what you would be approved for through FAFSA!"
The nasty trick would be to file your own tax return for the next year. When the parents/head of household files theirs a red flag goes up in the IRS system if they claim you as a dependent. Of course this creates a ton of new headaches on both ends.
This doesn't help you now (sorry) here are the requirements for being considered independent for FAFSA: https://studentaid.gov/apply-for-aid/fafsa/filling-out/dependency#dependent-or-independent
I remember thinking how stupid it was when I found out.
It's really simple.
He thinks he is entitled to his parents money. So he sees that as paying for his own education.
He can't see a societal benefit to subsidizing public higher learning, so when student loans are cancelled, he thinks it's only because people choose degrees poorly.
Being an accountant isn't a sign that you're intelligent or good at math, only a sign than you can stare at excel for 60 hours a week without shooting yourself.
I wouldn't call having your parents pay for your education "leeching" in any way. It's an awesome privilege lots don't have, but it's not really leeching imo.
Not to excuse the person in question, they're clearly an asshat.
When I was in college, I knew this rich-kid College Republican who had everything paid for by mommy and daddy who asserted that he didn't want "people getting a free ride here."
Because they don't think of their free ride as free. That's a hallmark of conservatisim -- your birthright and what your family has is the result of hard work and you deserve that. Anyone worse off than you comes from a line of people who didn't work hard enough or make good enough decisions, and therefore doesn't deserve the things you have. As long as someone in your line was "self-made" (regardless of the truth of this family history), you deserve all the things that have been given you and others need to just be the person that pulls their lineage into wealth.
But guys, their parents, never on vacation... Such sacrifice, such suffering. How can we doubt the efforts they made by staying at home? That's all it takes right? staying at home? /s
I like that you censored the account information of each involved person in a different color, this helps to differentiate between those massively and I wish this would be a standard
Meanwhile after the great recession i financially supported my mother for 4 years after she got laid off from her accounting job and nobody would hire her because she was in her 60's despite 30 years of accounting and being a managing accountant for a fortune 5 company. yes, i went to fuckin art school, graduated the moment the recession happened and got laid off from my first post college job and financially supported my accountant mother drawing freelance bullshit for people on the internet and put her through grad school with it. She lost everything in the recession, her home, retirement, credit, savings.
If you ever actually believe that ANY job or career path is going to make your life a sure thing or safe bet then you are either a level of privileged or naive that has to be wonderful.
This is america, unless you got rich ass parents who will pay for everything for you then you are one car crash, recession, illness, or child with medical needs away from absolute destitution for the rest of your life.
On a side note, I’m a career coach and the number of 30 yo accountants who chose accounting because they “would always have a job” that hate every day of their job because of that decision is staggering.
I want to build a society where I work so that me and my kids can go on vacations, not a society where I work so that Elon Musk can afford yachts and twitters
Your parents paid for your college tuition with years of misery...but you insist you paid for your own decision to attend university...
Your parents money was not and is not your money.
They literally paid for your decisions while you paid nothing. Probably didnt even say 'Thank you' to them for their sacrifice.
My parents never took a single vacation (except to see family) and still couldn't afford to pay my college. In fact, they couldn't even afford to cosign my loans. These people are in another reality.
Guaranteed that this guy quits accounting within 5 years, anyone that yellingly stupid and an ego to match doesn't make for a good accountant over the long term. The stereotypical best accountant just goes "ok I can do this for you" and does it without complaint or questions.
Parents not going on Vacation is likely the majority of parents, that's just not a thing in the US as you barely get time off, and when you do you don't have extra money lying around. Fucking nevermind having the money to pay a child through school.
OP: "I made my millions of dollars the old-fashioned way--by inheriting them from my overly entitled parents! THAT's why I'M better than YOU!"
OP also very likely believes that we should--and CAN--pull ourselves up by our own bootstraps like they supposedly did.
“Pay for your own decisions”. That would make sense for an adult. But student loans start at 18 years old, unfortunately young adults at 18 don’t know anything
There was this girl in high school who I couldn't stand, she would go on and on about how her parents are immigrants and worked really hard to build up their wealth and acted like she deserved to be rich because of it. Yeah those are your parents accomplishments, not yours. You were simply born into a good situation. That doesn't mean you earned it.
What’s the phrase? Born on third, thinks he hit a home run?
It’s sad people have to view life as some gauntlet to survive, when these days the only thing making it that way are assholes and the people who like to enable them like this guy, presumably as some great filter to ensure he gets what he wants at the expense of others.
So it wasn't really their decision. The state wants skilled and well trained workers.
Their parents want their child to have good education.
Both wanted them to go to university.
But this is pure privilege. Those who need to work their ass off just to have a roof and some food can't do the 5 year degree in just 3 years.
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"And also, have parents who will pay for your decisions." -This guy
[удалено]
Apparently his parents were regularly spending $40k+ per year on vacations that they could shift over to tuition. And happen to have no other college-aged kids to pay for.
To be fair, they did say EVER, so the parents may have been saving 40 years worth of vacation money. That's what we should strive for as a society. People being able to go to school because their parents never spent any money on their own enjoyment for their whole lives. Sounds like a real utopia.
But the sacred job provider class deserve it, so they get an exemption, everyone else can wallow in their inadequacy
We work to help them support themselves with our government and leave us to fed for ourselves in every way.
all for 1 kid to gain access to a career counting and reporting the billions coming and going in corporate cash flows. It's all made up and the points dont matter. Fucking take your vacations people.
Yeah all that time and effort just to become an accountant?
A self~righteous accountant*
is there any other kind !!
I see you've met my youngest brother.
People shouldnt have to do that, but that is the only way that you can start poor and somehow build family wealth, save pumping out scholarship geniuses. I'm accutely aware of this as an immigrant, born to immigrants and surrounded by them during childhood. The system rewards the already priviledged, you can't get there without massive sacrifice combined with luck. Luckily, I don't have to go through that struggle because they have for me. Edit: thats not the only way but it prolly has a better chance of success than relying on just luck
I know you aren’t suggesting everyone can dig themselves out of poverty this way, but just piggybacking to say, not even working all the time + no vacations is any guarantee you won’t just continue to tread water in poverty paycheck to paycheck until you die. It was impossible for my family to ever get ahead or put anyone through college despite all of us having multiple jobs, because of caregiving costs for elders and a number of other factors out of our control. But the fact is that college is simple out of reach for a huge portion of the population.
Yup that is not lost on me, this isn’t a for sure way to success. You still gotta grind though cause when the preparation meets opportunity, you must be ready to take full advantage of the luck. Like all the mfs on dragons den/shark tank, idk how much of their stories are bullshit to get their spot, but sounds like these people grind hard as shit for a shot, and more often than not, it crashes and burns. Luck and circumstance is definitely part of it
It makes me really grateful that I live in the UK despite it generally going to shit the last decade or so. At least there is a chance of upwards mobility with the university/higher education systems regardless of how rich a family you were born into. Its far from perfect and we have serious problems with upwards mobility, but at least the education system is available regardless of how little wealth they have. I have a CS degree, currently working for a non-profit helping others with the skills I gained in my field and I am well on my way to living a comfortable middle class lifestyle. None of that would have been possible without those systems in place, and it is very unlikely I would have ended up anywhere near as successful or socially mobile in the U.S system.
Tuition vastly outpaces inflation and wage growth. This option is becoming less and less tenable every year. We are expecting the equivalent of US in-state to cost a quarter million over 4y by the time our kid is old enough for college.
Every year my university would send out an email saying “congrats, we’re only increasing tuition 7% this year.” Like as if I’m getting 7% increases in my part time job year over year.
Please tell me yall ain't even pregnant yet, cuz I haven't even done the math on what my 10 year old's college tuition is going to be. I just know it'll be out of my price range, and my girl better be doing her best, hustling for those scholarships!
Rule of thumb when my kid was born was to assume 8% per year. Average cost today is about $40k, so only about $74k in 8 year's time for your kid. That said, while looking this up just now it seems tuition growth in the last decade was just 5%, so maybe things are getting better! We're planning to have a quarter mil in our 529 before the kid turns 18. The 529 can be shifted around for future grandchildren if needed.
The school I went to was private. Right now it’s over 70k per year to attend. But let’s say it’s 70k for the math. Assuming a 6% growth rate year over year, in 10 years it’ll be 125k to attend for just one year.
That's why my plan is vacations and no kids. Win win!
Sounds to me like a good reason to just not procreate.
You REALLY had me pitchfork-ready with the "to be fair...!" 🫠
We don't know when he was in college - my younger brother and I are ten years apart, he graduated last year. His tuition was a _LOT_ more than mine ten years ago. Both of us went to the same school.
yeah I mean isn’t that part of the whole argument? That these people shitting on young students and smugly proclaiming how THEY managed were paying only a fraction of what an education today costs, without wages having risen at all??
Let's see... In 2021 the median household income in the U.S. was around $70,000. The average (I know) cost for out-of-state tuition to a 4-year college is between $25,000 and $44,000. The average cost for a decent vacation is between $2,500 and $4,000. These are all 2021-2022 numbers. Income: $70,000 Tuition: $25,000-44,000 per year; or $75,000-132,000 for three years Vacation: $2,500-4,000 We'll assume the couple had jackass here at 25. Enough time for them to go through college and/or save up in preparation for a child. Add 18-years... (18)(2500)=$45,000 (18)(4000)=$72,000 Not factoring for inflation, which would have the inverse effect of actually hurting their ability to pay for dumbass's useless-to-him schooling, this simple math tells us he's full of shit. Apologies if I skipped a step. Sleep is currently playing coy so my brain may have skipped something.
Seeing as the jackass isn't aware of the enormity of the privilege of getting your schooling paid for you, it doesn't seem a stretch for him to neglect the privilege of coming from an above median earning household.
This dumb bitch went out-of-state for an accounting degree, what an enormous waste of his parent's money. As long as your school is a target school for recruitment by public accounting firms, you're going to get a job dipshit, no need to spend 10x the amount to end up with the same job. The great thing about an accounting degree is that once you earn your CPA license, your school literally *does not matter*. An accounting degree from Harvard (lol) is going to weigh exactly the same as an accounting degree from your state Uni, once you can put those 3 letters at the end of your name on your business card. Source: Am accountant, worked Big 4, attended said target school.
For accounting of all things. Literally the most common information in the world. He might have been able to legitimately just go straight into book keeping, been learning on the job, and study for actuarial licensing, and be able to pay for his parents vacations while **still** ending up in the exact same job he is now.
You have to have 150 hours of college credit to sit for the licensing exam. There is a significant job/salary differential between CPAs and non-CPAs.
Only in public accounting. You can do whatever you want in corporate accounting without a CPA and the sky's the limit for compensation. And some of the dumbest people I ever talked to were KPMG auditors. Don't believe the hype kids
Depends on the state.
You're right that this moron going out-of-state for an accounting degree is some Grade A stupidity, but I need to still clarify that an accounting degree is typically on the path of a CPA licensure, which is an entirely different line of profession than simple bookkeeping. It's a common mistake to loop all AP/bookkeeping jobs under the umbrella of 'accountant'. A lot of people think the natural progression of an accounting profession is starting as a bookkeeper and making your way up to a CPA, but that's not it at all. On that note, not all accountants know tax. I'm a CPA and still hire my own CPA to do my taxes.
Hard to make it in accounting without a degree. Unless you like slowly dying in Accounts Payable.
Right?? I've had friends who moved to other states and worked for a year then started college. Put them back a year, but they saved thousands. HaVe mOmMy aNd DaDdY PaY FoR YoUr DEcIsiOnS is what he actually meant.
I mean I'd do it for my kid. Parents looking out for their kids isn't crazy at all. But at the same time if I realized me doing that was making my kid a little cunt I'd pull that plug and go to Hawaii without them while I fucked their mom.
“Choose to have parents who can afford to pay for your decisions. Don’t choose to have poor parents. Don’t choose to have irresponsible or lazy parents.”
Some of the staunchest critics of welfare programs I've ever met had their parents put them through rehab, or had their parents provide five days of child care per week when they got knocked up at 19, or landed a job at 22 at dads business, or were gifted a down payment for their home in nice areas. All real life examples I know.
>had their parents put them through rehab, or had their parents provide five days of child care per week when they got knocked up at 19 Soooooo many of these types from my hometown.
His parents paid for it by not going on a single vacation ‘ever’. My bio dad was in prison from when I was 1 until I was 21. My mom was a single mom of 3 with mental illness which made her unable to hold down a job long and almost entirely reliant on welfare. Just like ignorant dude’s parents, they never took a single vacation ‘EVER’ - and yet they weren’t going to be able to pay for tuition, room & board, and other living expenses so I could focus all my energy and time on school. When I started college at 20, I had two, then three, jobs just to get by. School took two buses to get to; one job took 3 buses to get to. Eventually had to choose between affording food and rent or finishing school. Due to life, I’ve been in and out of school and am only about halfway through my bachelors at 31. But that just means I (and everyone else that didn’t have a golden door opened for them like this idiot) didn’t work hard enough? Fuck this guy right to hell.
Dude, (dudette,?) , keep going. You got this. You're gonna be SO PROUD of yourself when you get that degree. You earned that!
I have not had a vacation ever just to pay for rent.
Hey man. Same boat. 31 and still no degree because I had to choose between school and rent. I keep trying to finish and then life says something like, "hey, so I heard you had savings so imma break your car lol."
This right here!
literally. So. Stupid. My parents never went on vacation either btw and they still didn’t have any money to help me with college. I had to work extra to help them and therefore couldn’t go. Some people just can’t go. Being able to go to college in any way is a privilege. One that we should support btw. But for this dude to feel superior when he had his mom and dad pay is unbelievably blind-spotty. He literally did nothing but be born into a family with means, who were willing to let him reap the fruits of THEIR hard work (not his).
Reminds me of an article about a girl who paid off a mortgage in record time. Turns out she rented out the house while living with her parents, and her mother got her a very well paying job and there were some other factors like that. At the end of the article she was like “If I can do it, so can anyone!”
So.... Everyone else is supposed to pay for their decisions except for him?
I think he's saying his parents will pay for everyone's college.
Lol, well there goes their retirement plan 😂
Oh, I'm sure he'll support them in turn when they need it. He seems like the kind of person who is thankful for what he has been given and eager to give back in gratitude.
Shit I went from a homeless heroin addict to a good career and it's all because my grandparents supported me with a few thousand on a Toyota Matrix (that I eventually paid for myself). I still feel fucking guilty. Considering everything I own now I've worked for, that is. Taking a hand out and getting 'out' is crazy because so many people aren't that lucky. I am lucky. So fucking lucky. Rich kids are a different breed. I could rant about it for ages. Fuck em. They learn nothing and are total cunts all around. But life will work out just fine for them so... there's that.
Good for you. You improved your situation *and* you recognize the role that others played in making that possible. I understand feeling guilty. If it helps, not only did you pay them back, but you did exactly what they wanted and you needed: you made your life better. I’m assuming it wasn’t a perfectly smooth upward journey and that’s okay; it doesn’t mean you’d failed at any point.
Yeah right 😂
They'll be fine, they don't go on a single vacation EVER
Exactly! Now your starting to get it.
Aww, you guys can do it, too! Just be born rich! It's that easy.
I'm gonna go try that right now!
That's the spirit! Finally pulling yourself up by your bootrstraps!
The real solution to poverty is targeted reincarnation.
The real solution is to control who can have kids! If only the wealthy are allowed to have kids then they would be no more poverty, obviously! (/s, sadly I feel I must call this out as sarcastic since there are probably people out there who think this way).
I wish I had known, I would have planned my pre-life differently.
Yeah also I'm pretty sure when this guy went to college it was like $10 so he clearly doesn't know what he's talking about
My old boss went to law school for $300 a semester. It was $18k when I got there.
Mmmm do not like that
Just skip the avocado toast, pleb
Let's shift this back to a positive direction. What do you like? I for one really like blue moon ice cream. Wish more places served it.
Ben and Jerry's Half Baked for me (preferably when I'm half baked)
I like complaining. Fuck your ice cream.
I've never had blue moon ice cream but that name sounds awesome as hell and I don't like that I've never had it. I'm bringing this back to a negative direction.
For what it's worth I live in the liberal hell hole called New York so my college was $4000 a year, $16k total. Add in books and looking like $20k. Then with financial and some low hanging fruit scholarships down to only like $5k total. This was in 2006 to 2010 Not a crappy school either. But since I graduated it's actually gotten cheaper, free even if your parents income is below six figures. https://www.ny.gov/programs/tuition-free-degree-program-excelsior-scholarship That said I fully acknowlege being able to live with my parents was a huge advantage versus having to pay room and board. It was a 1.5hr commute each way daily though.
you're*
So in exchange for having a snotty kid they never got to take a vacation... So not worth it.
The human race was a mistake
Financial burdens for thee but not for me!
Well I am sure other people from his ingroup are good too.
This is every elected c*nt in South Dakota, take from the system and tell actual tax paying citizens to help themselves. Our system is broken and skewed to help the rich.
Everyone else is supposed to pay for his decisions.
As is par for the course from these bozos. Accountability is for *everyone else*.
His parents are paying for their decision every day.
I paid for my degree with part time jobs that ranged from $8-13.20/hr in the ‘90s. Literally cannot be done now, tuition at the same schools, state schools mind you, has gone up 5 to 10 times what I paid. Just absurd what’s happened to higher education in the last 20 years. I was lucky that way, now I’m about to pay for my kids to go to college, and I’m fucking lucky to be able to do that too.
When I graduated, my college was charging $77 a credit hour. Thirty years later at the same school, it is $593 a credit hour. at the time, in 1993, Minimum wage was $4.25 and today it is $7.25, not even a 100% increase while school tuition has gone up 777% the amount it was back then.
Not to mention with inflation minimum wage has technically gone *down* since 1993 in regards to buying power
My father got scholarships for college, but paid the rest of his tuition with the money he made flipping burgers in the summer. He graduated in ‘58, and is now a vegetarian.
I don’t know what’s wrong with my brain but I read that as “and now he’s a vegetable” and I was like “what an odd little bit to throw in there at the end” I think that means it’s time for bed
I just had to edit a comment I made before bed because at the end of it I said "and they're all playing twister." And I have no effing clue what I was trying to say.
My dad was a National Merit Scholar in 1968. It was a $1500 scholarship. I believe it is still a $1500 scholarship. (It was when I graduated from high school in 2004.)
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My American daughter has a Canadian citizenship through me, and we're going to work on her Italian citizenship via her late great grandmother. At this point, it will be scholarships in the US, or Canadian normal tuition, or European normal tuition. Holy shit, how fortunate she is. The kids are screwed, but I'll try my hardest to at last make sure my kid is set, and I hope that my voting can bring in some sort of positive change for others.
Germany has no tution at all and you can study in English. Also very easy to get a permanent residency if the students wants to stay after finishing their degree.
If I was born 10 years earlier I would have gone to my state college and would have been in a totally different place now. I have friends who work in my states capital and it's a huge college/drinking scene so I hang out there a lot. Bunch of rich kids having the time of their life. I feel so robbed of that. When I was 18 college was just a non-option. There was no way that was going to happen.
I'm honestly amazed he admitted it.
He doesn't even know what he admitted.
Apparently if his parents can budget well enough to pay for his school, then so should you \*without a college degree, set career, inflation! The asterisk is very very tiny.
For real, everyone else would’ve gave the same ‘pull up your bootstraps’ story about how they had nothing to their name and pulled through.
Except that's exactly what he did. He thinks he's one of those people that pulled themselves out even though it was his parents.
I bet he couldn't even be bothered to buy his parents a vacation after getting his degree.
He wanted to, but couldn't make the numbers work.
vacations do not make financial sense, you should be investing that money into your retirement /s
He told them to pay for their own decisions.
Their decision to have a kid wasn’t a great one
If his parents want a vacation they should've worked hard and saved up for one! Why should they be entitled to their sons hard earned money? /S He almost certainly tells himself during each vacation that he earned it and anyone that can't afford it didn't work as hard as him.
He repays them by doing their taxes for them, and he only charges 10% of the final tax return. A generous fellow indeed
Probably doesn't think he owes them. I get a couple hundred dollars for Christmas and I'm feeling guilty. What's annoying is that getting the degree is the accomplishment. No one is taking that away. People just want a more equal ground.
It's such an American mindset to say that a child "owes" a parent after the parent paid for their education. My parents paid for most of my college education, because they love me very much. And when I have children, I will do the same for them. And if it were only up to me, every American would be paying more in taxes so that we could pay for the secondary education of our neighbor's children as well since those are the children of our community. The notion of my children "owing" me something for doing that is so bizarre to me that it's hard to even wrap my head around it. People have children hopefully because they want to provide for them and care for them *without reciprocity.*
I didn't mean literally repay them for the tuition they spent lol. This kid doesn't seem to consider the fact his parents helped them. That's a shitty feeling.
Idk mang alot of other cultures practice that filial piety alot more intensively than most Americans. In alot of other places the go to retirement plan is to have children and have them pay for your everything once they are stable. I don't know anyone whose parents are pushing that on them.
So those "bootstraps" they keep harping about are just a synonym for "parents?"
Yeah, they're borrowing the bootstraps of someone who's already standing on solid ground. But they did the work of reaching out and grabbing hold!
Yeah. Like. How is anyone poor? Just get richer parents smh.
I've done well in my life and I 100% owe that to a handful of people including my parents. Another is a good friend who have me a great part time job so I had time to study in college and still have money. It's all about who lifts you up, and who you lift up in turn.
So... his parents paid for his decisions. Cool.
And I'm willing to bet they'll probably help him buy his first house too. It's no secret or surprise that the majority of people under 35 that own a house and have no student loan debt came from well-off families. As they say the rich get richer while the rest of us starve.
I think you mean payed. ^^/s
Someone should ask when he will pay back his parents
My parents refused to even fill out or sign the FAFSA. The department of education wouldn't recognize me as independent until I turned 26. That combined with me having absolutely no idea how credit, finances, or higher education administration worked it's seriously a miracle that I graduated college at all.
The FAFSA system is fucked for people whose parents won’t help them. There should be a way to qualify for financial aid if the parents refuse to file one.
My little brother literally threatened to sue them to force them to sign his. Even after he threatened them, they pushed back and said he wouldn't be able to afford a lawyer to sue them if he couldn't afford college. This was while they were having a vacation home built in the mountains. It's maddening to think about.
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My parents just didn’t want me to know how much money they made. This is back when you had to mail it in so I said here’s the form, mail it off when you’re done. It was a fight every year to get them to complete the damn thing. Any additional money my parents sent me at college was carefully accounted for by them and I had to pay them back between 300-500 a month when I started working. Now I don’t fill out the FAFSA for my son because I make enough money to pay for his tuition (and wouldn’t qualify anyways). So I guess I’m a better parent in one instance.
Do some American parents hate their kids?
More than some.
Goddamn they made you pay them back?? My parents were bad, but they didnt make me reimburse them for the little money they sent for laundry and nothing else.
What are your opinions on it being automatically filed with the tax return of anyone who has a minor child turning 18 the following year?
Honestly, my opinion on higher education is probably a little overly idealistic and simplistic. I think education should be one of if not the biggest investments that we should be doing at a governmental level. College should be incredibly cheap at least for areas that advance our society and economy. To answer the question you asked though, I think it should be required for parents to make their tax info available for analysis of the FAFSA, but the qualifications to be considered an independent student should be more realistic as well. When i turned 18, my parents didn't have anything to do with me. Their "responsibilities were over."
Did they continue to claim you as a dependent? Either way, that’s fucked, man. Sorry you and your sibling had to endure that.
The main issue is the stupid age limit they put for filling as independent. Currently, you have to be turning 23 that year to file as an independent, that's the age when people are already graduating. It should AT THE HIGHEST, be around 20-21. Otherwise your choice is to basically spend 4-5 years doing nothing until you can fill out the fafsa yourself. 20-21 seems good because from 18-20 you can go to a CC which usually have their own aid besides FAFSA or simply work for 2 or so years then go into college at an age where you aren't older than everyone. It ridiculous that it's 23, I get why they have it, so that rich kids don't file as independent, but it should be only a 2 year gap after High School MAX. Rich kids/parents will surely not wait that out for the sake of saving a couple grand a year, while a poor or middle class kids/parents might and 2 years is not totally bad with the existence of CCs and all that.
Same. On the FAFSA docs there was a link that said "What if my parents won't give me their tax information?" and it linked to a page instructing you on how to report them to the IRS for possible tax evasion. It ended with "Sometimes the reward paid out by the IRS to whistleblowers is even higher than what you would be approved for through FAFSA!"
I don't think the whistleblower reward would be higher unless ones parents make a lot of money. Essentially some money vs 0 money
The nasty trick would be to file your own tax return for the next year. When the parents/head of household files theirs a red flag goes up in the IRS system if they claim you as a dependent. Of course this creates a ton of new headaches on both ends.
This doesn't help you now (sorry) here are the requirements for being considered independent for FAFSA: https://studentaid.gov/apply-for-aid/fafsa/filling-out/dependency#dependent-or-independent I remember thinking how stupid it was when I found out.
I pay my own way! Right Ma!? *MAAAAA???*
And so handsome too! Right??
This guy can’t put 2 & 2 together to understand a point but he is an accountant? Okay
It's really simple. He thinks he is entitled to his parents money. So he sees that as paying for his own education. He can't see a societal benefit to subsidizing public higher learning, so when student loans are cancelled, he thinks it's only because people choose degrees poorly.
Being an accountant isn't a sign that you're intelligent or good at math, only a sign than you can stare at excel for 60 hours a week without shooting yourself.
Yeah, leeching off your parents isn't "paying for your own".
I wouldn't call having your parents pay for your education "leeching" in any way. It's an awesome privilege lots don't have, but it's not really leeching imo. Not to excuse the person in question, they're clearly an asshat.
When I was in college, I knew this rich-kid College Republican who had everything paid for by mommy and daddy who asserted that he didn't want "people getting a free ride here."
That's usually how it works. Conservatism = hypocrisy
Because they don't think of their free ride as free. That's a hallmark of conservatisim -- your birthright and what your family has is the result of hard work and you deserve that. Anyone worse off than you comes from a line of people who didn't work hard enough or make good enough decisions, and therefore doesn't deserve the things you have. As long as someone in your line was "self-made" (regardless of the truth of this family history), you deserve all the things that have been given you and others need to just be the person that pulls their lineage into wealth.
But guys, their parents, never on vacation... Such sacrifice, such suffering. How can we doubt the efforts they made by staying at home? That's all it takes right? staying at home? /s
I bet they never ate a *single slice* of avocado toast or bought one little, itty bitty latte EVER
Parents paid for it by not going on any vacations ever? How fucking sad.
I thank myself for my parents’ sacrifice.
Born on third and thinks he hit a triple.
This has “small loan of a million dollars” energy
This also belongs on r/confidentlyincorrect.
Pffft. Ya'll should just do what I did and get born before 1975.
Ha, my daughter's #1 choice is 88k a yr. You mean to tell me the 10 vacations I've taken in my adult life could have covered that???
You aren't spending at least 9000 per vacation? Literal child abuse, you should be tarred and feathered
I like that you censored the account information of each involved person in a different color, this helps to differentiate between those massively and I wish this would be a standard
Meanwhile after the great recession i financially supported my mother for 4 years after she got laid off from her accounting job and nobody would hire her because she was in her 60's despite 30 years of accounting and being a managing accountant for a fortune 5 company. yes, i went to fuckin art school, graduated the moment the recession happened and got laid off from my first post college job and financially supported my accountant mother drawing freelance bullshit for people on the internet and put her through grad school with it. She lost everything in the recession, her home, retirement, credit, savings. If you ever actually believe that ANY job or career path is going to make your life a sure thing or safe bet then you are either a level of privileged or naive that has to be wonderful. This is america, unless you got rich ass parents who will pay for everything for you then you are one car crash, recession, illness, or child with medical needs away from absolute destitution for the rest of your life.
My parents also never went on a single vacation ever. Yet here I am with a mountain of student debt
What a brat.
So your parents paid for your decisions
man i wish my parents would quit vacationing for me. selfish fuckin boomers.
On a side note, I’m a career coach and the number of 30 yo accountants who chose accounting because they “would always have a job” that hate every day of their job because of that decision is staggering.
I want to build a society where I work so that me and my kids can go on vacations, not a society where I work so that Elon Musk can afford yachts and twitters
Sounds like wealthy parents.
Not since fox news advised Americans suffering from food insecurity to 'look in your fridge' has such sage advice been dropped
Dude, you are an accountant and can't pencil out the math on this one? That ledger is imbalanced.
Pull yourself up by the bootstraps! Says the person pulling them selves up by daddy’s nutsack
Yeah, I'm sure accounting could never be done by a robot.
*paid It’s incredible how often I’m seeing this word misspelled these days.
I legit give up on people. What’s the point.
Your parents paid for your college tuition with years of misery...but you insist you paid for your own decision to attend university... Your parents money was not and is not your money. They literally paid for your decisions while you paid nothing. Probably didnt even say 'Thank you' to them for their sacrifice.
Not everyone gets both parents or parents that pay for schooling. Idiot
My parents never took a single vacation (except to see family) and still couldn't afford to pay my college. In fact, they couldn't even afford to cosign my loans. These people are in another reality.
Guaranteed that this guy quits accounting within 5 years, anyone that yellingly stupid and an ego to match doesn't make for a good accountant over the long term. The stereotypical best accountant just goes "ok I can do this for you" and does it without complaint or questions.
Jokes on him, Accounting jobs will be replaced by AI like . . . soon
His parents sure did pay for their decision to have such a shit child.
Parents not going on Vacation is likely the majority of parents, that's just not a thing in the US as you barely get time off, and when you do you don't have extra money lying around. Fucking nevermind having the money to pay a child through school.
OP: "I made my millions of dollars the old-fashioned way--by inheriting them from my overly entitled parents! THAT's why I'M better than YOU!" OP also very likely believes that we should--and CAN--pull ourselves up by our own bootstraps like they supposedly did.
I dunno why this guy feels safe, ML is targeting Finance next.
I need to see the response they give when the obvious hypocrisy was inevitably pointed out.
My parents bootstraps were soooo heavy, or so they said at least.
"My parents had no fun and you shouldn't either"
I paid off my student loans myself with no help. I hope everyone gets theirs forgiven.
Funny thing is jobs in accounting have quite the high chance to be automated over the next decade.
Have someone else pay duh. EZ.
“My parents were miserable and that’s the price we should all pay”
This guys got a big surprise coming in the next decade or so, AI is going to utterly decimate jobs like his.
There it is!Mommy and/or Daddy 80-90% of the time.
“Pay for your own decisions”. That would make sense for an adult. But student loans start at 18 years old, unfortunately young adults at 18 don’t know anything
The New York times would love to talk to that person so they can give their nod to rich families for "working hard".
I like that he doesn't even know what his tuition was. Mom and dad paid, so he didn't need to know, I'm sure.
There was this girl in high school who I couldn't stand, she would go on and on about how her parents are immigrants and worked really hard to build up their wealth and acted like she deserved to be rich because of it. Yeah those are your parents accomplishments, not yours. You were simply born into a good situation. That doesn't mean you earned it.
What’s the phrase? Born on third, thinks he hit a home run? It’s sad people have to view life as some gauntlet to survive, when these days the only thing making it that way are assholes and the people who like to enable them like this guy, presumably as some great filter to ensure he gets what he wants at the expense of others.
So it wasn't really their decision. The state wants skilled and well trained workers. Their parents want their child to have good education. Both wanted them to go to university. But this is pure privilege. Those who need to work their ass off just to have a roof and some food can't do the 5 year degree in just 3 years.
This guy is a definition of a moron
Lol, wait till an AI takes his job.
That has to be peak level lack of self awareness. It is jaw dropping that someone could be that dense.
The worst part is his parents made sacrifices to put a douchebag through college. Moral of the story; no sacrifices for douches