Your child is either recently an adult or soon to be a legal adult. You have done well raising him/her. You provided food, clothes and shelter. You furnished safety, guidance, support, encouragement, discipline, friendship, healthcare, and other provisions. Now you are about to invest possibly thousands of dollars in more education. A College Contract between you and your child clarifies your mutual understanding about important topics including money, where to live, insurance, and moving back home. It creates an on-going, authentic dialogue. It maximizes your investment and accelerates your child's successful independence.