” The higher graduation rate of students whose parents paid their way is not surprising, she said, since many students leave college for financial reasons. (…)What is the actual target of inference here? Is it GPA or is it graduation?
Oddly, a lot of the parents who contributed the most money didn’t get the best returns on their investment (…) Their students were more likely to stay and graduate, but their G.P.A.’s were mediocre at best, and some I didn’t see study even once.”
When I was in the corporate world I never was asked for my transcripts (my degree, all of the time but my transcripts never). Having 2 years of college and then dropping out leads to worse life outcomes than having a degree, so far as I can tell.
Or put it another way, what would you prefer:
- A child who got high marks but did not complete their program?
- A child who got low marks but earned a degree?
But even more interesting, the authors comments support my intuition precisely -- parental funding keeps marginal students in school. From a causal perspective this is way more interesting than the headline effect of giving dropping grades and is way more intuitive as well.