My son is passionate about a field that isn't going to make any money, realistically. He's considering a degree in art, but isn't sure. He's very talented as an artist, but it's a lot of time and especially money. Besides with AI and the national minimum wage, I'm not sure how likely he'd recover all his costs. But maybe. I just hate saddling him with debt if it's not worth it.
We could take the savings and invest it in stocks, invest in a rental property (that he could move into when he could afford it after college), or spend it towards his degree.
Stocks or rental property would go to him eventually (when he's at a point where he's ready to manage it). So no matter what it's going to him.
What's your opinion?