STUDY: Fewer parents are willing to pay for their kid's college education

Caleb Bonham
Editor-in-chief

Total Shares
This is the CRO SBAR

  • Parents that plan on providing financial assistance for tuition is down four percent.
  • 32 percent of adults believe it is their children’s duty to pay the bulk of their college expenses.
  • 15 percent of adults believe their kids should foot the entire college bill.
  • A new poll from Discover Student Loans indicates that while 96 percent of those surveyed view college as valuable, fewer parents plan on paying for their children’s college education.

    The study, which surveyed 1,000 adults, shows that the percent of parents that plan on helping their child pay for college is at 77 percent, down four points from last year’s 81 percent.

    Eighty-five percent of parents are “somewhat” or “very worried” that post-graduation investments like purchasing a home will be negatively affected because of student loan debt.   

    CNN Money reports, through a series of interviews, that “[i]t's too expensive to go to school.”

    32 percent of adults believe it is their children’s duty to pay the bulk of their college expenses, up five points from 2012. The proportion of parents who believe their offspring should foot the entire bill is up three points to 15 percent.

    Reporting similar trends, the study revealed that 85 percent of parents are “somewhat” or “very worried” that post-graduation investments like purchasing a home will be negatively affected because of student loan debt.

    The average cost of a college education for in-state students enrolled in public four-year colleges is $18,390 according to the College Board. The average student loan debt is $29,400.

    Follow the author of this article on Twitter: @CalebBonham

    Caleb Bonham

    Caleb Bonham

    Editor-in-chief

    Caleb Bonham is the Editor-in-chief of Campus Reform.

    Named a "30 Under 30," Caleb is a frequent guest on the Fox News Channel and host of the award nominated YouTube series, The Caleb Bonham Show. Caleb's work has been featured in Time Magazine, The New York Times, The Washington Post, Associated Press, MSNBC and TheBlaze.

    More By Caleb Bonham

    LATEST TWEETS

    Harold M. Simmons
    @hearwhatusee - 34 min ago

    @campusreform Looking for college students who want to make serious cashflow. Check it out. http://t.co/JaAVRakNtt 615-335-2832

    Lyunyukova Tanya Art
    @Lyunyukova - 2 hours ago

    @campusreform Hi! Thank you! I`d be very happy, if you Like my page at FB https://t.co/pEQHLvN3uR you very much! Wish you Great Day!

    Elendil Tech
    @ElendilTech - 6 hours ago

    Hispanic student group protests culturally insensitive costumes and embarrasses themselves http://t.co/FgWoLApXLV via @campusreform

    Kathy Restivo
    @KathyRestivo - 8 hours ago

    UNC students blame capitalism, white supremacy for academic scandal http://t.co/Z5KyJArPtq via @campusreform

    SBU Republicans
    @SBRepublicans - 9 hours ago

    "This is not a matter of left or right, it is a matter of right or wrong." http://t.co/d4MxAYWYwm via @campusreform

    SBU Republicans
    @SBRepublicans - 10 hours ago

    We filed our FEC complaint after SBU held rally for Dem. congressional candidate http://t.co/FtSQyvPYgj via @campusreform

    Laura Doukas
    @LauraDoukas - 10 hours ago

    Students file FEC complaint after public university holds rally for Dem. congressional candidate http://t.co/FMTc1kXsg6 via @campusreform

    CampusReform.org
    @campusreform - 14 hours ago

    College retracts punishment of prof who dressed daughter in @GameOfThrones apparel http://t.co/mE6GQ7GZp6 http://t.co/xBwBLnQz4E

    Latest 30 Articles