amount of money for college graduation gift
How Much Should You Give? The question of how much you should give to a college graduate as a gift is also important. If it’s a relative and you are an important part of their lives, a college degree was a huge effort on their part, so consider giving between $25 and $50 dollars. Most people felt $50 to $100 is the appropriate amount to spend on both high school and college graduates, according to the latest Investor Pulse survey from Spectrem Group's Millionaire Corner. According to the survey of 1,200 investors, 87 percent feel it is important to give graduation gifts to immediate family. Makes perfect sense. But those of us who want clear-cut gifting protocol will still fret and wonder if $50 is too much or too little. A recent retailmenot.com survey of more than 1,000 people suggested $165 is an appropriate cash gift for high school graduates. Maybe I'm just cheap, but that seems high. In my opinion (take it for what you will), $30 to $50 is fair for a casual acquaintance and $100-ish for a family member or very close friend. According to the National Retail Federation's 2012 Graduation Survey, one-third of 9,000 people who responded said they expected to buy graduation gifts in 2012 and intended to spend about $100. Close friends followed at 49 percent. Only 6 percent of overall respondents say they don't feel it's important to give graduation gifts to anyone. Makecollegecount.com suggests a range of $20 to $50 from relatives of graduates and $15 to $50 from friends of the graduate's family and the graduate's friends. An example might be $10 to $25 for acquaintances, $25 to $50 for friends and $50 and up for family and close friends. Gift or cash. Your next question will likely be whether to give money or a gift to the graduating student. One important factor to consider is whether or not there is a graduation party planned. Since most graduates (and this goes for brides/grooms as well) really do prefer cash, I like to pair gift card or cash with something tangible — a book, photo album, keepsake — that they can't pin a dollar amount to. That way, you pacify the desire for dinero, without specifically noting what you've shelled out. If cash is your preferred gift to a graduate, how much do you give? Please respond in the comments below. CLEVELAND, Ohio - It's cap and gown season and a time of celebration for high school and college graduates. It's also time to get gifts for the graduates you count among your family and friends. Often determining the appropriate monetary gift for a college grad depends upon who the graduate is as well as their achieved degree. First off, if the graduate is a close family member such as a niece or nephew, child, or grandchild, a monetary gift is definitely the correct etiquette. Summing Up Grad Gift Etiquette. Just because there is monetary gift etiquette for college graduation and the grads that achieve success, it doesn’t mean it’s always followed to the letter. Only give what you can afford; if the standard $25 is too high for your budget, consider a lower amount.
$50 to $100