Parents Shell Out Less for Kids in College

Good WSJ article today on a concerning trend:  The share of college costs paid by parents out of income and savings fell to 27% from 37% three years ago.

What’s picking up the slack?  Looks like university scholarships, student loans, and relatives/friends:

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Two other highlights:

  • In 2013, 57% of families reported a student living at home or with a relative, up from 43% three years ago. Students from low-income households have traditionally lived at home in larger numbers, but among families with incomes over $100,000, the share of students staying at home has doubled to 48% since 2009-2010.
  • Nevertheless, in 2013, 85% of parents said a degree was an investment in the future, up from 80% in 2008.

Read the whole thing.

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