Collegesallie maeGallup

Families Trim Plans To Pay For College In Wake Of Bad Economy

Families Trim Plans To Pay For College In Wake Of Bad Economy
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American families are scaling back plans to pay for their children's college education as the stunted economic recovery continues to weigh on household budgets, according to a survey to be released Tuesday that was commissioned by college lender Sallie Mae.

The study, which was conducted by Gallup, found that the percentage of families who planned to make little or no contribution to tuition increased, while the percentage who expected to cover more than half of expenses decreased. The trends were particularly pronounced in Hispanic families, where the number who thought they could only pay a little jumped from 12 percent to 35 percent.

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