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<p>Just because someone is wealthy doesn’t mean that he or she does not know the value of her education. Just because parents paid for the education doesn’t mean that the kid cannot value his or her education. Maybe your cousin doesn’t appreciate what she has, but wealth does not necessarily preclude awareness of the value of certain things.</p>
<p>One thing though that I believe that kids don’t often appreciate until later is the effect of having (or not having) student loans to repay. We’ve often told our D that our gift to her was an undergraduate education without student loans for her to repay. I don’t think that she appreciated the value of the gift until she saw some of her acquaintances feel burdened by their loans.</p>