Wednesday, August 20, 2008

How Americans Pay for College

How Americans Pay for College

In releasing the first edition of a new annual survey today, Sallie Mae and Gallup hoped to inform the discussion about, as the report is called, “How America Pays for College.” But as the data readily make clear, that largely depends on which Americans you’re talking about. There are major differences, among family income levels and the types of colleges and universities that students attend, both in what they spend and the sources of money they tap to cover their educational costs.

The report, which is based on a national survey of 684 undergraduate students and 720 parents of traditional-aged undergraduates, offers a wealth of information about what students and families say they spent on college in the 2007-8 academic year, where that money came from, and what role price and other financial factors played in their decisions about where to enroll.

Doug Lederman
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