More Bad News…..For America
Parents Tapped out by College Education Costs
From CNBC: Parents may be tapped out when it comes to funding their
children’s college education, a new report from student loan provider
Sallie Mae indicates.
Parents cut the amount contributed through savings and income
substantially last year, by 11 percent from the previous year, and by
32 percent from two years ago, according to the survey titled “How
America Pays For College.”
“Two years ago, parents reached deeply into their pocketbooks to meet
the higher costs of college,” the report says. “However, this level of
spending proved unsustainable.”
Colleges also reduced scholarships, indicating that they too may be
feeling the pinch from a tough economy, according to Sallie Mae.
http://www.moneynews.com/Economy/parents-college-education-loans/2013/02/26/id/492047
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How's That Hopey-Changey Thing Working Out For You?