Does paying for your children's college education affect their grades?

01/15/2013 | New York Times (tiered subscription model), The

Parents who contribute a significant financial amount to their children's college education also may be unknowingly contributing to lower grades, according to a new study. Students from wealthy families were more likely than lower-income students to graduate; however, the study suggests that shielding students from financial obligations seems to liberate them from educational responsibility. "It's a modest effect, not big enough to make the kid flunk out of college," said study author Laura Hamilton. "But it was surprising because everybody has always assumed that the more you give, the better your child does."

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New York Times (tiered subscription model), The