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More American Families Are Using Scholarships and Grants to Help Pay for College
Sallie Mae ConsumerFeature
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READER SCRIPT
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WHEN IT COMES TO PAYING FOR COLLEGE, AMERICAN FAMILIES SPENT LESS OUT-OF-POCKET--AND TAPPED MORE INTO BOTH SCHOLARSHIPS AND GRANTS--THIS PAST YEAR. THAT'S ACCORDING TO "HOW AMERICA PAYS FOR COLLEGE, 2016"--THE NATIONAL STUDY BY "SALLIE MAE" AND "IPSOS". WHILE FAMILIES ARE WILLING TO STRETCH FINANCIALLY, THE STUDY FINDS, THEY'RE ALSO TAKING STEPS TO MAKE COLLEGE MORE AFFORDABLE: SPECIFICALLY, ABOUT HALF OF FAMILIES USED A SCHOLARSHIP OR GRANT TO HELP PAY FOR COLLEGE, THIS PAST ACADEMIC-YEAR. AND, NEARLY ALL FAMILIES TOOK AT LEAST ONE COST-SAVING MEASURE--SUCH AS CUTTING PERSONAL SPENDING, WORKING WHILE AT SCHOOL, OR LIVING AT HOME. THE STUDY ALSO FINDS THAT 90-PERCENT OF FAMILIES WITH COLLEGE-STUDENTS EXPECT THEIR STUDENTS TO EARN A BACHELOR'S DEGREE--WHILE 54-PERCENT EXPECT THEIR STUDENTS TO EARN A GRADUATE-DEGREE. FOR THE FULL STUDY--AND FOR MORE COLLEGE-RESOURCES--VISIT "SALLIE-MAE"-DOT-COM-SLASH-"HOW-AMERICA-PAYS".
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