Parents Contributing Less To Students’ College Education, Study Says
Career College Central summary:
As the cost of a college education becomes more expensive, students are increasingly more responsible for footing the bill instead of relying on their parents.
College tuition continues to rise and students are increasingly expected to pick up the bill themselves, rather than their parents.
“How America Pays for College 2013,” a new study from Sallie Mae, found that parents contributed to 27 percent of their children’s college expenses in 2013, which is down from 36 percent in 2010.
According to the National Center for Education Statistics, students at the University have required more Federal student loan money than in years past. The number of students who received loans rose from 40 percent in 2008 to 45 percent in 2011; something Martin said the University is trying to compensate for.
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