The percentage of parents who pay at least a portion of their children's college costs is between 22 and 35 percent. The rate varies depending on the components of cost and payment figured into the calculation.Know More
A University of Michigan-Ann Arbor study suggests that 62 percent of children received tuition support from their parents. Parents who have the ability to use their own money make use of personal savings, money from retirement funds and income to help with the cost of their children's tuition, in addition to or instead of taking out loans.
Further, there is a 21-point difference in college graduation success rates for students who receive some form of help from parents. Students who receive help have a graduation rate of 63 percent, while students who do not receive help have a graduation rate of just 42 percent.Learn more about Credit & Lending
Over half of the families in the United States are unable to afford to send their kids to college. In a 2013 survey, 62 percent of Americans said that they believe most people are not able to afford the cost of a college education.Full Answer >
Someone who wants to get a scholarship for college should check their eligibility for different programs with their school or another reputable organization, then apply by the deadline. The criteria for scholarships vary, but many require the student to achieve certain grades or have particular talents.Full Answer >
Get grants for college by applying with your school's financial aid department. Private grants may also be available through organizations and donors. These sometimes have their own application process.Full Answer >
Grants and scholarships are two common funding sources for students to pay for college. Student loans are also available to help pay for college expenses.Full Answer >