Parents Not As Willing To Pay For College

By: Channel 6 News Email
By: Channel 6 News Email

Parents are starting to pull back on what they are willing to spend to send junior to the best college.

According to a new report by student lender Sallie Mae, a growing number of parents are rethinking the price-tags on a child's college tuition.

About 51% of parents surveyed "strongly agreed" that they would stretch financially to send their child to college.

That's down from 64% of parents last year...marking the first time that number has dropped in the survey since 2007.

Experts say the about-face is largely due to the economic downturn's impact on families' finances.


WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666 sixonline@wowt.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 128716263 - wowt.com/a?a=128716263