JPHiP Forum

General => General Discussion => Topic started by: kuro808 on May 21, 2011, 12:05:34 PM

Title: One Small, Surprising Way to Ensure Your Kid Gets to College
Post by: kuro808 on May 21, 2011, 12:05:34 PM

Here's a fascinating bit of research that caught my eye: According to a new report by the College Savings Initiative, kids with a savings account in their own name are six times more likely to attend college than those without an account. Yep, you read that right: six times more likely. (http://finance.yahoo.com/college-education/article/112756/surprising-way-kid-gets-to-college-moneywatch?mod=edu-collegeprep)

Honestly, I think of it more like parents giving them a foundation for them to understand the value but in the end, determination is the only key

Title: Re: One Small, Surprising Way to Ensure Your Kid Gets to College
Post by: Slack on May 21, 2011, 01:54:08 PM

Just a reminder: Correlation =/= Causation

Title: Re: One Small, Surprising Way to Ensure Your Kid Gets to College
Post by: seggahme on July 04, 2011, 03:15:06 PM

Quote from: Slack on May 21, 2011, 01:54:08 PM

Just a reminder: Correlation =/= Causation

in general case - yes, but in this particular one?
suppose, family is rich, they have enough money and they put them on personal kid's acount -> kid has account, kid goes to callege. so ENOUGH condition is satisfied.
from the other side, if family is poor, they don't think about personal accounts ->kid hasn't account, kid goes to army, gas station or somewhere else. NEED condition satisfied too.
in real life everything is not so strict, we must use terms of probability, and that's how 6:1 condition appeared.