Whole Network Most Recent TOP10 Campus Life Career Planning Financial Aid

 

Parents No Longer Willing To Pay For College

Filed in archive Financing Education by Rhys on April 12, 2006

Parents No Longer Willing To Pay For College
Paying for college may be getting even more difficult. It's the choice of an older generation: pay your own way, kids!

More and more students are facing the tremendous financial strain of higher education on their own these days, with no financial support from their parents.

As the first person in my entire family to ever attend college, I paid my own way, because my parents couldn't afford it, not because they didn't want to help.

These days, even parents who make more than $100,000 a year are telling their children that as far as college goes, the kids are on their own.

"What I've really seen in the last 10 years is a generational shifting of the responsibility" to pay for college, said Ellen Frishberg, director of student financial services at Johns Hopkins University in Baltimore. "Our parents helped us pay for school. These parents are not as willing to help their children pay for school."

Surprisingly, this trend is not apparent at the most elite, expensive schools, such as Harvard and Yale. Experts theorize that parents may see those schools as "worth the price."

But what about the millions of students who attend other, always expensive, colleges? Are they doomed to a future of paying off huge Student Loanslinks?

What do you think? Is it a parent's responsibility to pay for their children's higher education, or is it a burden that the student should bear?


Advertisement




Permalink: Parents No Longer Willing To Pay For College
Tags: paying  tuition  college  parents  education  parents+longer  willing+college  longer+willing 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/19941



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
OnlineUniversities

Use our search feature to look for other interesting posts

Just this blog Whole network
 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Testimonials

  • Thank you for such a clear and concise overview of two publications that I was not aware of before now. I will be sure to pass this information on to the students visiting my site.

    Excellent site, I could really find lots of info for my planned MBA.'
  • Other blogs in the same channel in the Creative Weblogging Network







OnlineUniversities
 
Tagcloud: Academic Freedom Adjunct Instructors Campus Life Campus Security Career Planning College Admissions College and University Profiles College Rankings College Sports College Traditions Community Colleges Courses Courses and Programs Educational Studies Faculty and Scholarship Financial Aid Financing Education Fraternities & Sororities Issues in Higher Education Jobs in Academia MBA programs Miscellaneous Musings Money New Graduates News Philanthropy Professional Education Sponsored Post Student Issues Study Abroad Programs University Administration Writing and Blogging