Document Number: 8806How America Pays for College: Sallie Mae's National Study of College Students and Parents - This study of 1,400 undergraduate students and parents reveals that even in a continued period of economic uncertainty, families are digging deeper to invest in what they value: a college degree. Both parents and students opened their wallets wider, tapped more scholarships and grants and borrowed more to pay for the escalating total cost of college. Survey respondents reported the cost of college had increased 17% from the previous year. Parents paid nearly half the share of college costs and students paid roughly one quarter. College savings plans helped 15% of families. To make college more affordable 43% of families reported that their student lived at home. (Gallup, Sallie Mae, August 2010)...
Related IssuesPostsecondary Affordability