Good WSJ article today on a concerning trend: The share of college costs paid by parents out of income and savings fell to 27% from 37% three years ago.
What’s picking up the slack? Looks like university scholarships, student loans, and relatives/friends:
Two other highlights:
- In 2013, 57% of families reported a student living at home or with a relative, up from 43% three years ago. Students from low-income households have traditionally lived at home in larger numbers, but among families with incomes over $100,000, the share of students staying at home has doubled to 48% since 2009-2010.
- Nevertheless, in 2013, 85% of parents said a degree was an investment in the future, up from 80% in 2008.
Read the whole thing.