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

    scott palter
    @agingcow2345 - 1 hour ago

    Student vet with PTSD suspended, labeled ‘threat’ to peers http://t.co/3x0jhrIfOj via @campusreform

    Avinash Saxena
    @avi_saxena - 2 hours ago

    AUDIO: Prof attacks Fox News, Wall Street Journal ‘a rag of lies’ http://t.co/iZH0njTi3R via @campusreform

    Angela
    @Iloveperfumeso - 3 hours ago

    @campusreform a #veteran should be able to see whomever they want. They've earned the right & shouldn't suffer more abuse by unfair labeling

    Saxon F Waxon, Esq.
    @SaxonEsq - 4 hours ago

    Student vet with PTSD suspended, labeled ‘threat’ after requesting to meet with non-Muslim counselor http://t.co/LChHfyhey6 @campusreform

    Sean Casey
    @seanandfrank - 5 hours ago

    Student vet w/ PTSD suspended, labeled ‘threat’ after requesting to meet with non-Muslim counselor http://t.co/muZ9lsMSQU via @campusreform

    USAPatriotSC
    @USAPatriotSC - 6 hours ago

    @campusreform Get rid of tenure should be #1 on the reform list. The damn communists slipped a good one on us.

    In G-d We Trust
    @conservative013 - 6 hours ago

    @RichardRSmithJr @campusreform Pure evil our vets should be honored not disrespected in order to avoid offending Muslims

    J Broadus
    @dunfalach - 7 hours ago

    Student vet w/ PTSD suspended, labeled ‘threat’ after requesting to meet with non-Muslim counselor http://t.co/P7g9NvYIRw via @campusreform

    Latest 30 Articles