@Suntan12 - I think that you are right. When I was in college, I had to pay for my schooling myself and it did make me appreciate my education so much more. I worked about thirty hours a week while going to school full time and because I was investing so much of myself in my education I graduated and got my degree.
I had a friend that went to an exclusive all girl private school that eventually got a scholarship and went away to New Orleans for college and returned home after one semester. She flunked out because she was partying too much.
This girl had a scholarship and the remainder of her $30,000 college expenses was paid by her father. I think that this since this girl had nothing vested in her education she took it for granted. She had no skin in the game.
Now she is going to a local state school and has to pay for her classes herself. This doesn’t happen with everyone that goes away to college, but it does show that some people need to be more vested in their education in order to make more mature decisions.
Having skin in the game does make a difference. This is like couples that live together for many years with no commitment. Sometimes one partner may want to get married and make a commitment but the other partner is happy the way things are. The best way to describe this predicament is with the saying, “Why buy the cow when you can get the milk for free.”