Nearly 70% of Families Worry about Paying for College

With nearly all Americans suffering some form of financial strain, families of college-bound students suffer even greater stress…

How will they now pay for school?

Due to consequences arising out of the Pandemic of 2020, almost 70% of families now worry about covering their portion of the cost-of-attendance.

According to a survey by Discover, 53% of those surveyed stated their child’s education plans changed.  Students are moving to schools closer to home (reduced cost), delaying enrollment (financial pressures), and choosing a “less expensive” school (sticker price).

More than half (55%) of parents stated concern that their children weren’t receiving enough financial aid (a 14% jump).  Likewise, more than half (54%) will use retirement savings to help pay for the education (an 18% jump).  And, nearly 40% of families tapped their education funds to cover everyday living expenses.

There is no better time than now to contact us to help you determine the best way to move your college planning campaign forward financially.  We are here to assist you.