Our youngest son returned to Starkville last week to start his last semester of college. That means he took with him our final check in payment of tuition and fees. It was a weird yet satisfying feeling.
< His four years of college seems to have gone by faster than those of his older brothers. I’m uncertain of why it felt that way, other than time compression caused by our own aging.
I have to give our son a lot of credit for easing the financial burden of his education. Our commitment to all three of our sons was to give them four years of college so that they could graduate debt-free. Their obligation was to receive a proper education and stay off the credit cards.
Son number three did well enough in high school to receive academic scholarship money from Mississippi State, whereby we are paying less than in-state tuition. All he had to do to keep the scholarship was maintain a 3.0 GPA which he easily accomplished.
He still doesn’t have a credit card. Instead, he opened a rewards checking account like his parents and uses his debit card for non-cash transactions. I believe this is the correct path for most young adults who may be tempted to enter the world of borrow and spend before they can fully appreciate the risks. He is not a spender. I never hear him lusting after cars or gadgets. All he wants his phone to do his talk and text. He loves his ten-year old Honda Civic. Buying clothes is way down on his list of things to do. He takes after his Dad in that respect. I may be the worst dressed lawyer in town, at least among those who are not ambulance chasers.
I hope our son can maintain this balance so that when he graduates and becomes an earner, he uses his income to acquire personally rewarding experiences and financial independence, not “stuff.”
His final four months of college will now include serious job hunting. That is a big unknown. My hope for each of our sons is that they acquire practical business experience in their initial employment then use that experience to build equity in their personal brand and launch their own businesses.
This has been sort of a rambling post but it accurately reflects the variety of feelings triggered by writing that last tuition check.
What about you? Have you written that last check?