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I think the best role for parents is as a mentor through the process. Someone to bounce ideas off, discuss pros and cons of various options and someone to stand on the sidelines and make sure things progress forward, but they shouldn't be in command and running the whole operation... that's the job of the student.
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For sure. Also, I think that handling Financial Aid and cost issues, like sybbie719 did, is also what a good, reasonable parent should do.