Want Your Kids to Succeed? Don't Pay For Their Education

Paying for college is probably one of your biggest financial concerns, many parents started to think of a saving plan, even before the child begins elementary school, to reduce the burden of taking on high debt to pay for their higher education.

Hopefully, some parents dream that their child will receive scholarship offers to attend college. But the reality is that scholarships seldom cover the entire cost. In fact, over 99% of college students end up paying for some of their college costs.

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A new study has found that the more money parents pay for their kids’ college educations, the worse their kids tend to perform, at least when it comes to grades, larger contributions from parents are linked to lower grades among students at a variety of four-year colleges.
The study’s results are striking because most parents assume that the more money they pay for their children’s education, the better their children will perform. If students don’t have to spend time working a job to support themselves, they aren't burdened by the weight of heavy loans, they will be free to study more diligently.
 So, what should parents do? It’s not that all money is bad. The problem is how the money is given. Parents should have a careful discussion with their children about the costs of college and what kind of performance they expect, and encourage them to get a part-time job or work –study position