default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

Americans are Finding New Ways to Pay for College

Font Size:
Default font size
Larger font size

Posted: Monday, August 26, 2013 10:00 pm | Updated: 1:33 am, Tue Aug 27, 2013.

(StatePoint) The majority of American families have an unwavering belief in the value of college -- 85 percent of parents believe that college is an investment in their child’s future, according to a new national study by Sallie Mae.

With tuition costs on the rise, families are finding resourceful ways to help ease college costs, from eliminating schools based on price, to forgoing the costly dormitory experience. According to the same study, the use of grants and scholarships are on the rise, and more parents are turning to such tools as 529 college savings plans to fund their children’s education.

Click Here to Enlarge Image.

While parents are becoming more realistic about funding college, experts say that advanced planning is still not the norm.

“The majority of families do not have a financial plan to pay for college. Having one however, increases the likelihood of success, says Jack Remondi, president and CEO of Sallie Mae.

To learn more about how Americans are paying for college, visit www.CollegeAnswer.com/Pays2013.

In this post-recession environment, the dream of college is not dead. But finding new ways to fund it is becoming more important.

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don’t pretend you’re someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don’t threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don’t insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the ‘Report’ link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.
  • 9 Don’t be a troll.
  • 10 Don’t reveal personal information about other commenters. You may reveal your own personal information, but we advise you not to do so.
  • 11 We reserve the right, at our discretion, to monitor, delete or choose not to post any comment. This may include removing or monitoring posts that we believe violate the spirit or letter of these rules, or that we otherwise determine at our discretion needs to be monitored, not posted, or deleted.

Welcome to the discussion.



Your News

News for the community, by the community.

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists