As parents, my wife and I have been very honest with our three teenagers about the level of financial support they can expect from us for college. To do this, I used my annual donation to our local public broadcasting station as an example.
“You know how they have different levels of supporters? And how the more money you contribute, the nicer the gift they send you as a show of their appreciation for your support — like a T-shirt or really nice backpack, or if you’re a gold-level member an entire season of your favorite PBS show in a special limited edition boxed set on Blu-Ray?”
Our kids nodded.
“As a gift, we received a refrigerator magnet for a show that was canceled three years ago.”
Blank stares from our kids.
“So yeah, the only free-ride scholarship you’re going to get from us will have already been spent on…
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