National Study from Sallie Mae and Ipsos Finds Families Reaching Into Pockets to Spend More as Economic Worries Subside
62 Percent of Families Did Not Borrow to Pay for College Last Year
74 Percent of Students Worked During the Year to Help Cover Costs
NEWARK, Del.--(BUSINESS WIRE)--The Bank of Mom and Dad is open for business as parent out-of-pocket spending became the No. 1 source of college funding, according to “How America Pays for College 2015,” the national study from Sallie Mae, the nation’s saving, planning, and paying for college company, and Ipsos, a global independent market research company.
Sallie Mae
Rick Castellano, 302-451-2541
rick.castellano@salliemae.com
or
Ipsos Public Affairs
Michael Gross, 202-420-2012
Michael.Gross@Ipsos.com
