<prompt> Human: I am starting grad school in Aug 2016. Havent applied yet but I plan to. My parents insist that they pay for the grad school entirely including the living expense because they dont want me to start my new career in debt. They are financial strong and have plenty of real estate and other investments but they will probably be spending all their non-real estate investments on my education - say around a 100k. Now I am graduating with a Comp Sci major, so I am pretty confident about job prospects and I intend to live a frugal lifestyle till I pay off my parents, even though they dont expect me, too They are pretty confident they can live off their real estate dividends post-retirement, Im skeptical. Now I am pretty sure that I can convince my parents to let me take a loan but then I would have to pay a lot of interest on it. So, I am in a dilemma here as to whether take my parents money and trust them when they say that they can handle the education cost without cutting down on their expenses or just pile on a little debt and then offload it till I get into my 30s?  <response>: Pass it forward. I had a grandmother with the means to help me get started in college waiting for my VA money and help me replace an engine in a car during school. I just helped a nephew that is going to college this year as a thank you to my grandmother. 