Parents who work hard so that they have the money to send their children to a good college should pause and think according to a study reported on by Scott Jaschik:

• According to the study, the greater the financial support that students received from their parents, the lower their grades were.
• This was especially true of students at expensive out-of-state private colleges.
• However parental support isn’t all bad. Those students who received it were more likely to graduate – probably because the students who have to pay for their own college might have to drop out if they lose their job.
• Parents communicating their expectations to their children seems to mitigate the problem of low grades.

Read more about the study, its findings, and its methodology over here.

Source: Inside Higher Ed