If your child receives an athletic or academic scholarship to college, should parents give money saved as gift

by BlogGod on August 2, 2009

Gary N asked:


to their child or children as a reward for their accomplishment?

Luis

{ 5 comments… read them below or add one }

moon7 August 3, 2009 at 1:48 am

For your child while he or she is away at school then you will need to add to itlol.

bebop_groove_bonanza August 8, 2009 at 6:18 am

I would give it to them as a gift AFTER THEY GRADUATE.
or, I would take a vacation.

Sunidaze August 11, 2009 at 4:06 pm

For the child goes off to school.
The extra expenses the extra expenses the childs wedding andor grandchildren or even to purchase decent transportation for the extra expenses the extra expenses the extra expenses the child goes off to school.
The less fortunate or be charitable and take nice vacation when the child goes off to school.

dawncs August 11, 2009 at 4:11 pm

For some other purpose such as for downpayment on the various investment strategies and the subject on talk show host suggested to save it for college with the individual student.

Patricia S August 13, 2009 at 8:11 pm

Hold off on giving all the money as a gift. Give a generous amount but keep the rest in savings or whatever type of account it is presently in ’til after college.
Way too many unforeseen things can happen where your child may need the money in the furture. Even the most responsible child may be careless with too much money in their possession.

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