<p>Jym–</p>
<p>Preliminarily, I think the OP and H already sent the message that they thought their D was at risk of failing out of Duke by telling her before she started Duke that their only expectaton was that she avoid being put on academic probation. That said…</p>
<p>If the letter said what you are saying, that would be one thing. It doesn’t. At all. </p>
<p>It doesn’t say, we are asking you to take out greater loans because we think you need more “skin in the game.” It doesn’t say that the lower your gpa, the more PRINCIPAL you are going to have to borrow and pay back yourself. </p>
<p>Nope, it doesn’t say that at all. It says that because of a change in our financial circumstances, you have to borrow more $. That’s the primariy message. If that’s the message the OP wants to send, so be it. No problem. But there’s no link whatsoever here between the D’s past behavior and the fact that she’s being asked to borrow more $. That seems to be the REAL reason, but nobody has told her that–at least in this letter. </p>
<p>The incentive is put in an addendum. What is the incentive? That if Shrinkette goes to every class, her parents will pay the interest on her loan for fall '09. If she gets better than a 3.0 (a pretty low standard for someone with a 2.98, IMO) her parents will pay the interest on her loan the following semester. (The interest doesn’t have to be paid until after graduation, so there’s really no impact on Shrinkette’s life style during the next 3 years.) </p>
<p>This will, according to Shrinkrap’s calculations, reduce her D’s debt by $2,000 in principal if her D and parents reach similar agreeements each semester. She must pay off this additional $2,000 over 10, 20, or 30 years, depending upon the option Shrinkette chooses. </p>
<p>I don’t know about your kids, but that financial incentive would do ZILCH for my offspring. Paying $25 or whatever more a month some time in the future–how much is $25 going to be able to buy 20 years from now, anyway? --just wouldn’t work. </p>
<p>The college kids who work in my office DO pay off the interest every month. However, they come from relatively poor, usually single-parent homes, and it takes them 5 hours of working to earn that $25 after tax. Shrinkette comes from a family that leases a $50,000 car for $800 a month…I’m not saying that to be critical; I’m only saying it to explain why I seriously doubt an additional $2,000 bill to be paid off over 10,20 or 30 years is going to act as any major incentive to improve her grades IF it is in fact the case that lack of effort is what caused her grades to be what they are. </p>
<p>Moreover, I’ve never seen a better approach to bribing your kid to lie to you. Unless Duke is one heck of a lot different than any other top university, unless you cut a LOT of classes, there’s no way it’s going to come to the attention of your parents. So, while I agree 100% that Shrinkette ought to be going to class, I think there’s too much incentive for Shrinkette to say that she isn’t cutting…when she is. And, there are times when it makes sense to cut–like when you are really sick.</p>
<p>I find the suggetion that Shrinkette take pre-med classes at Duke WHOLLY unrealistic. According to her mom, she struggled to get a B in Rocks for Jocks. To think she could take organic chemistry and do well in it seems to be a bad idea. This girl isn’t cut out to be a pre med.</p>