Parents Expect Students to Do More to Help Finance Education According to Schools.com Infographic

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As colleges and universities across the country continue to report, tuition costs are increasing, causing many families to shoulder an increased financial burden. According to a 2010 College Board report, areas like Washington D.C. and Iowa are seeing some of the highest student debt rates, despite lifetime efforts from parents to cover the costs.

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Though the cost of college may seem like a heavy weight in the short term, the results may make the struggle worthwhile.

Schools.com, a definitive digital resource for education, announced the launch of its most recent feature in its ongoing interactive content series: “Making Cents of College,” which looks at rising student debts and how students and their parents are working together to cover the costs of college. According to a Boston Globe report, 66 percent of parents want their kids to pitch in to cover tuition and fees by working part-time.

“I think it is understood that while a college degree has incredible value, the process of earning it can be quite expensive,” said Seth Restaino, Schools.com spokesperson. “But the important thing to note is that students and parents should not let finances get in the way of their dreams and the long-term rewards of graduating from college.”

While parents are willing to take major responsibilities for their child’s education, like getting a second job or starting a savings account, experts say that even an account opened for toddlers will only cover about 16 percent of college expenses. Since 2009, 19 percent of full-time students have been attending public four-year schools that saw tuition increases of at least 12 percent, and it doesn’t look like these drastic price increases will stop anytime soon.

“At the end of the day, someone with a bachelor’s degree earns, on average, twice as much over his career as a person with no college education,” said Restaino. “Though the cost of college may seem like a heavy weight in the short term, the results may make the struggle worthwhile.”

Read more about student finances such as “How far students will go to get rid of textbooks—and why” and “Degree value in dollars: It pays to be unpopular” on Schools.com or by following @schoolsedu on Twitter and Facebook.

About Schools.com
Schools.com is a definitive source for education, connecting students and prospective students with the right information, people and schools to help them advance in life. Featuring in-depth sections with faculty interviews, campus tours and national education news, the site aims to be a hub for higher education topics and trends. Schools.com is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.

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Sara Robbins
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