Fewer parents helping pay for college

Stefanie Botelho's picture
Tuesday, July 8, 2014

More kids are on the hook for their college tuition.

Discover Student Loans’ third annual survey found that only 77 percent of parents now plan to help with their child’s tuition costs, down from 81 percent in 2013.

It’s not that parents don’t want to help — they’re concerned about having enough money themselves, the survey of 1,000 parents of teenagers 16 to 18 years old who are planning to attend college found.

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