A new national study found the more money parents contribute toward their kids' college education, the lower the grades they earn. The study by University of California-Merced sociology professor Laura Hamilton was published in January's American Sociological Review.
She told the New York Times it was a modest effect: not big enough to make the students fail out of college. She said it was surprising because parents assume the more money they give, the better their child will perform in college.
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