Comments about ‘If parents pay for college, GPA drops but graduation more likely’

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However, the chances of graduating in 5 years or less goes up

Published: Thursday, Jan. 17 2013 9:51 p.m. MST

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My2Cents
Taylorsville, UT

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 and pay for their childrens higher education.

This whole scam has been a substitute lending scam put on parents since the collapse of the housing market and it has been effective in creating more debt than parents or children can repay. Now the system and governemnt is moving into damage control to induce and convince more parent's they should be held liable for college education. It has weakened the economy with more unsecured debt, it has the schools making loans with public funds worried.

We as parents and tax payers are obligated to fund public eduction to K12 but beyond that it becomes a matter of student choice and ability to finance it, legally and morally. It has always been a right of choice and child abilities to seek higher education at their own expense or scholarships, but it is not the obligation of parents. Parents have a right to an empty nest and a social life.

CHS 85
Sandy, UT

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 afford it, so we did.

Am I supposed to feel guilty for that?

Danny C.
Lehi, UT

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 dangerous gamble, especially in this economy where financial stability is practically nonexistent.

My parents told me since the age of 5, "You're paying for your own college." Then they made sure I worked my butt off for good grades, honors, and scholarship opportunities. Thanks to these and a few part-time jobs, I was able to graduate debt-free. Mom and Dad did let me raid their pantry on occasion, but that was as far as their help extended.

My in-laws, on the other hand, have always stepped in as their children's ATM, paying for much of their tuition, housing, and living expenses, even up to doctoral degrees. I've seen firsthand how damaging it's been to their kids' financial management skills and drive to achieve good grades. They think they're helping, but for all their good intentions, they're really not.

Wastintime
Los Angeles, CA

re:Danny C

So how many years ago did you attend college? I, too, many years ago, worked part-time and paid for my own education at the U of U. But now, it would be difficult for my children to fund their education even with a full-time job. Some majors are extremely demanding--such as engineering--making it very difficult for engineering majors to maintain employment and keep up with their studies.

I made the decision many years ago to pay for college for my children. Luckily, I earned enough over the years to do that. I've seen many young people who don't get any financial support for their education end up not graduating from college and very likely they will struggle financially the rest of their lives. I know some parents mean well and believe their children will be better off if the parents don't help with tuition bills--but that calculation very likely will be penny-wise but pound foolish.

BettyD
South Jordan, UT

I was lucky enough to have my parents pay for my tuition as well as live at home while I completed my undergraduate degree. I could see how their support might have influenced my GPA but I'm happy to say that I maintained a 3.5 all through school. My parents might have paid for my tuition and allowed me to live in their home rent free, but I was expected to work, which I did. I worked a minimum of 30 hours a week and paid for most of my expenses (excluding tuition and rent of course). Because of their support I was able to graduate in 4 years and I'm now employed working full-time for a great company, a feat that very few of my peers have been able to achieve. I believe this is because I have an education as well as a solid work history to back it up. I have no doubt that my success was very dependent on the support of my parents

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