Associated Press – Sallie Mae, the nation’s leading private student loan lender, released a new study showing that parents are finding ways to cut the amount of money they spend on college. Parents are putting fewer expenses on credit cards, encouraging students to live at home and attend community colleges. Much of the planning is short-term, as parents are using less of their savings but increasing the amount they borrow. For more, read Study: Parents Pulling Back on College Spending.

 

To get accurate estimates on colleges you can afford, take advantage of RSC's college prep and financial aid programs. RSC: making college – and college prep – affordable.