Parents less willing to take on debt for their children’s education

Personal Finance

Darren McCollester/Getty Images

Graduates From Harvard University in Cambridge, Massachusetts.

Parents are wising up when it comes to taking on debt to pay for their children’s college education.

That is according to a new survey from T. Rowe Price that was conducted earlier this year.

Just 14 percent of parents are willing to take out more than $75,000 in debt to pay for their children’s college this year, the survey found.

That is down from 26 percent of parents who were willing to do that in 2017 and 28 percent in 2016.

Source link

Products You May Like

Articles You May Like

OPEC Secretary General Mohammed Barkindo worried about trade war
Canada’s Canopy Growth shares jump on deal to develop industrial hemp farms in New York
December PPI, CPI reports as US-China trade talks end
Air traffic controllers’ union sues Trump administration
Estimated taxes are due Jan. 15 and there’s no reprieve amid shutdown

Leave a Reply

Your email address will not be published. Required fields are marked *