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Students and Parents Are Now Equally Sharing College Costs

Sallie Mae ConsumerFeature


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:60 READER SCRIPT
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WHEN IT COMES TO PAYING FOR COLLEGE, STUDENTS AND PARENTS ARE SHARING THE COSTS EQUALLY.  THAT'S ACCORDING TO "HOW AMERICA PAYS FOR COLLEGE, 2017"--THE NATIONAL STUDY BY "SALLIE MAE" AND "IPSOS".  IT FOUND THAT STUDENTS AND PARENTS, THIS PAST ACADEMIC-YEAR, EACH CONTRIBUTED ABOUT ONE-THIRD OF THE EXPENSE--WHILE SCHOLARSHIPS AND GRANTS COVERED MOST OF THE REST.  ALSO, AN OVERWHELMING MAJORITY OF FAMILIES IN THE STUDY AGREE THAT COLLEGE IS AN IMPORTANT INVESTMENT--AND 59-PERCENT EXPECT THEIR STUDENT TO PURSUE A GRADUATE-DEGREE.  FAMILIES, ACCORDING TO "SALLIE MAE", HAVE ALSO INCREASINGLY BECOME SAVVY HIGHER-EDUCATION CONSUMERS; NEARLY ALL ARE TAKING PROACTIVE MEASURES, TO REDUCE COLLEGE-COSTS.  SPECIFICALLY, ABOUT THREE-FOURTHS CHOSE AN IN-STATE SCHOOL--AND HALF OF STUDENTS OPTED TO LIVE AT HOME.  IN ADDITION, 76-PERCENT OF STUDENTS WERE WORKING, WHILE IN SCHOOL.  FOR THE FULL STUDY--AND MORE RESOURCES FOR COLLEGE--VISIT "SALLIE-MAE"-DOT-COM-SLASH-"HOW-AMERICA-PAYS".


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