For that amount of money, the parents could have purchased a cheap condo for each of their children, and have the children rent it out as a source of income tha

For that amount of money, the parents could have purchased a cheap condo for each of their children, and have the children rent it out as a source of income that would be more stable than a knowledge economy job attainable with their children's interests. Or the child could live in the condo. At this point, a condo is actually more useful than most degrees.