If parents pay for college, GPA drops but graduation more likely
However, the chances of graduating in 5 years or less goes up
Hamilton's research set the odds a student would graduate within five years at 56.4 predicated probability for those who had no financial help from their parents. When parents chipped in $12,000, the probability increased to 65.2 percent.
Other sources of financial aid, including grants and scholarships, student employment and veteran's benefits don't have the same impact on GPA. The researcher said it's possible those funding sources leave a student with more of a sense they "earned" it. But those funds are also harder to get in tough financial times.
"Ultimately, it's not bad to fund your children," Hamilton told the Times. "My kids are little, but I plan to pay for them — after we talk about how much it costs, and what grades I expect them to achieve."
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Lois M. Collins is a reporter and columnist for the Deseret News. While she writes primarily on health and family issues for the national and news sections, she also writes a biweekly column and her work appears often in more ..
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It's time this come out and I think this article is downplaying this as a serious problem for parents. The news media, banks, government, and education departments have been putting parents on guilt trips to make them feel obligated to provide More..
I chose to help my daughter with her higher education. It was a gift I lovingly gave her so she can start her adult life as free from debt as possible. That was more important to me than that cruise, new truck, or other material wants. We could More..
CHS85,
If you could afford it and wanted to, then good for you. Problem is, a lot of parents can't afford it but are pressured to dip into their own retirement or savings funds to put their kids through higher education. This is a More..