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Financing College

"How America Pays for College 2011"

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To deal with college expenses in an uncertain economic climate, families are turning to lower-cost schools and seeking more financial aid, a national survey reveals.

Students are also increasingly living at home and going to college part time, according to the survey, which was released this month by Sallie Mae, a Newark, Del.-based financial-services company specializing in education financing.

The study found that the average family reported spending 9 percent less on college in 2010-11 than the previous year. The survey is based on interviews with 1,611 parents and undergraduate students.

Vol. 31, Issue 02, Page 5

Published in Print: August 31, 2011, as Financing College
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