A survey of parents of college-bound high school seniors found that most are encouraging their children to consider in-state public universities or otherwise limit their choices to more inexpensive institutions. The survey, which was conducted by ApplyWise.com, found that 88 percent of families plan to limit spending because of today's economic downturn. Less than a third said economic factors would not influence their college selections.
Two-thirds intend to apply for need-based scholarships, and 53 percent will ask for government and private loans. Many plan more drastic ways of financing college: seven percent will sell real estate, 11 percent will liquidate a retirement fund, and 27 percent will take out a second mortgage.
Labels: college, scholarships. money
Posted By: Aspen Education Group
