To "give up educational rights" means that the parent gives up
the right to choose the educational decisions for their child.
Normally, to have a child come live with someone else for school, a drastic "giving up the right" is not necessary. All the parents have to do is to provide a Power of Attorney
for the adult to make decisions for that period of time - example can be found here
As such, a power of attorney should be enough, which does not have the parent "give up" educational rights, but simply give that right to someone else temporarily with the right to rescind it at any time.
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