Less can add up to more, at least in terms of parental financial support and college grades, according to a new study. (AJC file photo)
I had a conversation Monday night with a friend who, along with paying tuition, provided her daughter with $1,300 a month for living expenses in college. That money went to rent, meals and extras.
I felt Scrooge-like as I only gave my two older children $400 a month to cover rent once they left the college dorms and moved into shared off-campus rental apartments where they were responsible for their meals.
I didn’t pay anything else toward their related living expenses. My kids held part-time jobs so I assumed they could cover their own groceries. (One worked in a restaurant and ate there a lot, while the other made a lot of Ramen noodles, They both graduated college in less than four years, probably because they were starving. )
Turns out that my miserly ways could have had some value.
There is a fascinating new study in the American