Parents: Should Your Children Pay for Their Own College?
It is very tempting these days for parents who are struggling financially to tell their children that they must help pay for their own college educations but the long-term impact could be devastating, says a new survey.
The survey, Public Agenda, found that 63 percent of college grads surveyed had received some sort of financial help from their family and only 42 percent had not. The survey found that many parents cut off students who are on their way to flunking out.
The author of the report, Jean Johnson, says that many of the students who do not get help are spending are spending most of their time and money paying rent and other living costs that they do not have enough time study and end up dropping out for scheduling and financial reasons.
She says that the parent’s of today do not realize how much things have changed. Perhaps the parents were able to work their own way through college but tuition prices have gone up so much faster than wages over the past two decades, making it nearly impossible for students to work and attend college.
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