Suddenly they must come up with about $11.000 in additional income (enough to produce $8.000 after taxes) to absorb these yearly college costs. And there is little way most families can get off the hook. Since the era of the immigrant pushcart peddler working 14hour days to put a son through medical school. parents have been expected to sacrifice to provide the best possible education for their children. This assumption is widely shared by college scholarship offices. middleclass parents. and educational economists (who call these payments "intergenerational transfers"). but the implications of these parental responsibilities are rarely discussed. Children are never asked whether they want parents who scrimp and save to put aside money for their college educations.
Keywords matched
immigrant