Parents pay college costs amid recession: study

Source: Yahoo News Posted By: Faye C...5359 days ago

More than half of U.S. parents use their current income to pay all or part of college costs for their children and are confident they can continue to support them amid the country's recession, a Gallup poll found.

The poll, which was commissioned by student loan provider Sallie Mae and released on Wednesday, found 55 percent of the 800 parents surveyed paid on average $7,175 for the 2008-2009 academic year from their current income.

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