As someone who paid his own way through college, I disagree entirely. There's nothing heroic about taking out loans. Not having to worry about college expenses allows one to focus on college and all the benefits that college has to offer. I never got to take an internship. Wanna know why? Because I had to ensure that I had enough money for the next semester, and I wasn't going to go from making $10 an hour back to $4.25 just so that I could go be an underling... I couldn't have afforded the next semester.
Buffet is giving his kids retirement money, not yacht money. They've all been in the work force for decades.
He's still giving them far more than the price of a college education.
I guess I am really biased, being in Tech. Internships pay around half of what full times make, which as a college student is an insane amount of money. It's more than enough to graduate debt free.
Buffet is giving his kids retirement money, not yacht money. They've all been in the work force for decades. He's still giving them far more than the price of a college education.