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American Families Are Making Changes in How They're Paying for College

Sallie Mae ConsumerFeature


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Fully produced report in:
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(60 seconds)


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:60 READER SCRIPT
(DOES NOT FULLY MATCH AUDIO)

THE RECESSION HAS TAUGHT FAMILIES A LESSON ABOUT PAYING FOR COLLEGE:  THEY'RE INCREASINGLY LOOKING TO GRANTS AND SCHOLARSHIPS, TO MEET BOTH TUITION-COSTS AND RELATED EXPENSES.  AND, THEY'RE SPENDING LESS, OUT OF POCKET.  THAT'S ACCORDING TO A NEW STUDY FROM SALLIE MAE--"HOW AMERICA PAYS FOR COLLEGE".  THE STUDY FINDS THAT FAMILIES DO STILL BELIEVE IN THE VALUE OF A COLLEGE-EDUCATION--AND THAT, WHILE PARENTS WANT TO MAKE THAT IMPORTANT INVESTMENT, THEIR INCOME AND SAVINGS AREN'T KEEPING UP WITH THE COSTS.  THE STUDY ALSO FINDS THAT MOST FAMILIES DON'T HAVE A REALISTIC FINANCIAL-PLAN, TO PAY FOR COLLEGE.  TO BEGIN PLANNING, SALLIE MAE OFFERS THESE TIPS:  CREATE A PLAN FOR ALL FOUR YEARS.  START WITH GRANTS AND SCHOLARSHIPS.  AND, IF YOU NEED TO BORROW, EXPLORE FEDERAL LOANS--AND THEN FILL THE GAP WITH RESPONSIBLE PRIVATE-EDUCATION LOANS.  SALLIE MAE OFFERS FAMILIES FIXED OR VARIABLE RATES, WITH IN-SCHOOL PAYMENT-PLANS.  TO LEARN MORE, VISIT "SALLIE-MAE"-DOT-COM.


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