it doesn't prevent them from going to college, just ties up that ten grand each. In all honesty, having that 10k in the form of a bike versus money in the parents' bank account or some other financial instrument could be key in those kids receiving Pell Grants over their 4 years in college which could add up to way more than what the bikes cost. The system is somewhat FUBARed.
other than loans and grants, I paid for my college. Wish I got a 10k bike to go along with it.
Bookmarks