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While Strongly Valuing College, Families Continue to Cut Costs, Says National Study by Sallie Mae and Ipsos

July 17, 2012 Comments off

While Strongly Valuing College, Families Continue to Cut Costs, Says National Study by Sallie Mae and Ipsos
Source: Sallie Mae

Eighty-three percent of college students and parents strongly agreed that higher education is an investment in the future, and the majority found multiple ways to cut college costs, according to a new national study from Sallie Mae and Ipsos Public Affairs.

Students now foot an expanding share of the college tuition bill, while parents scale back compared to four years ago. Drawing from savings, income, and loans, students paid 30 percent of the total cost of attendance last academic year, up from 24 percent four years earlier, while parents covered 37 percent, down from 45 percent in the same time period.

Categories: business and economics, children and families, education, postsecondary, Sallie Mae
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