According to The National Center for Education Statistics, the price for undergraduate education in USA escalated 31% from 2006-7 to 2016-17. No wonder it’s rare for students to pay the total tuition amount, and 85%+ undergraduate students have to seek financial aid (did you know that, in the loan-pie, student loans have the largest share after housing loans?)
How do families help students manage this huge debt burden? Some do it by paying a portion of the costs, others support living costs like phone bills, or health insurance costs. This infographic highlights various loan repayment and support statistics.
How Families Pay for College?
Infographic by – College Ave Student Loans