Fewer Parents Helping Pay for College


Published 06/26 2014 12:22PM

Updated 06/26 2014 12:23PM

Banking on your parents to help pay for that college education?

It appears fewer are forking over the funds!

According to a 'New Discover Student Loans Survey' of 1,000 adults in 2013, 81-percent of parents say they'd help pay.

Now that number is about 77-percent.

16-percent of families do not plan to contribute anything.

Most parents say they want to help but cannot because they are concerned about their own finances.

About 15-percent of parents believe college students should pay for every dime of tuition.

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.