Fewer parents help children pay for college
June 29 , 2014
A recent survey indicates that about 77 percent of parents said they plan on helping their kid pay for college. The percentage is down from 81 and many parents mentioned that they'd like to help but simply don't have enough money to do so.
"As students prepare to enter college this fall, it's important for parents to have clear and honest discussions with their children about how they'll pay for college," the president of Discover Student Loans said. "Students need to understand the financial responsibilities they take on and, more importantly, who is responsible for repayment of loans upon graduation."