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American Families Still Consider a College Education to Be Important--and Are Willing to Pay for It
Sallie Mae ConsumerFeature
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(60 seconds)
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AMERICAN FAMILIES' COMMITMENT TO COLLEGE--AND THE VALUE THAT IT BRINGS TO THEIR CHILDREN--IS AS STRONG AS EVER: OVER 80-PERCENT OF FAMILIES WILL MAKE THE FINANCIAL-STRETCH TO REAP THE REWARDS OF A HIGHER EDUCATION. THAT'S ACCORDING TO THE LATEST "HOW AMERICA PAYS FOR COLLEGE"-STUDY BY "SALLIE MAE" AND "IPSOS". WHILE FAMILIES STILL BELIEVE IN THE VALUE OF A COLLEGE-EDUCATION, THIS YEAR'S STUDY FINDS THEM REACHING INTO THEIR OWN POCKETS MORE--AND BORROWING A LOT LESS. FAMILIES ARE ALSO CUTTING THE COST OF COLLEGE--AS MORE STUDENTS OPT TO ATTEND SCHOOL IN-STATE, AND LIVE CLOSER TO HOME. THIS YEAR, FAMILIES REPORTED THE HIGHEST ENROLLMENT IN TWO-YEAR PUBLIC-SCHOOLS SINCE THE STUDY BEGAN. BUT, THAT HASN'T AFFECTED THEIR ASPIRATIONS: THREE-QUARTERS HOPE TO ACHIEVE AT LEAST A BACHELOR'S-DEGREE. STILL, FAMILIES NEED TO HAVE A SOLID, LONG-TERM PLAN, TO PAY FOR THAT COLLEGE-DEGREE. FOR MORE TIPS ON COLLEGE-PLANNING, VISIT "SALLIE-MAE"-DOT-COM-SLASH-"PLAN-FOR-COLLEGE".
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