{"id":1588,"date":"2017-11-02T10:31:00","date_gmt":"2017-11-02T14:31:00","guid":{"rendered":"http:\/\/nacacadmitted.wpengine.com\/wordpress\/?p=1588"},"modified":"2017-11-02T10:31:38","modified_gmt":"2017-11-02T14:31:38","slug":"study-majority-of-families-neglect-to-plan-for-college-costs","status":"publish","type":"post","link":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/2017\/11\/02\/study-majority-of-families-neglect-to-plan-for-college-costs\/","title":{"rendered":"Study: Majority of Families Neglect to Plan for College Costs"},"content":{"rendered":"<figure id=\"attachment_1589\" aria-describedby=\"caption-attachment-1589\" style=\"width: 724px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/nacacadmitted.wpengine.com\/wp-content\/uploads\/2017\/11\/dad.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1589\" src=\"http:\/\/nacacadmitted.wpengine.com\/wp-content\/uploads\/2017\/11\/dad.jpg\" alt=\"\" width=\"724\" height=\"483\" srcset=\"https:\/\/admitted.nacacnet.org\/wp-content\/uploads\/2017\/11\/dad.jpg 724w, https:\/\/admitted.nacacnet.org\/wp-content\/uploads\/2017\/11\/dad-300x200.jpg 300w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/a><figcaption id=\"caption-attachment-1589\" class=\"wp-caption-text\">iStock<\/figcaption><\/figure>\n<p>The majority of US parents expect their children to attend college, but most neglect to budget for the costs associated with higher education, national survey data shows.<\/p>\n<p>\u201cDespite the wide array of approaches families might take to build a plan to pay for college, most don\u2019t have a plan,\u201d according to this year\u2019s<em> <a href=\"https:\/\/www.salliemae.com\/research\/how-america-pays-for-college\/\">How America Pays for College<\/a><\/em> study. \u201cAlthough nearly nine in 10 families have anticipated their child\u2019s college attendance since preschool, fewer than half that many agree they had a plan to pay for all years of college before the student enrolled.\u201d<\/p>\n<p><!--more--><\/p>\n<p>Nearly 1,600 college students and parents of undergraduates were interviewed for the study, which was commissioned by Sallie Mae \u2014 a leading student loan provider.<\/p>\n<p>Most families surveyed (87 percent) said they were willing to \u201cstretch themselves financially\u201d to make college possible. But money matters still weigh heavily on the minds of prospective students and their families.<\/p>\n<p>\u201cMore than two-thirds eliminated colleges from their consideration due to cost, and nearly three-fourths chose an in-state school to reduce cost,\u201d the report notes.<\/p>\n<p><a href=\"https:\/\/www.salliemae.com\/assets\/Research\/HAP\/HowAmericaPaysforCollege2017.pdf\">R<\/a><a href=\"https:\/\/www.salliemae.com\/assets\/Research\/HAP\/HowAmericaPaysforCollege2017.pdf\">ead<\/a><a href=\"https:\/\/www.salliemae.com\/assets\/Research\/HAP\/HowAmericaPaysforCollege2017.pdf\"> the full report<\/a> and <a href=\"https:\/\/www.nacacnet.org\/knowledge-center\/financing-college\/\">learn more about paying for college<\/a>.<\/p>\n<p><em>Admitted writer\/editor Mary Stegmeir welcomes additional comments and story ideas at<\/em><em>\u00a0<\/em><a href=\"mailto:mstegmeir@nacacnet.org\"><em>mstegmeir@nacacnet.org<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The majority of US parents expect their children to attend college, but most neglect to budget for the costs associated with higher education, national survey data shows. \u201cDespite the wide array of approaches families might take to build a plan to pay for college, most don\u2019t have a plan,\u201d according to this year\u2019s How America &hellip; <a href=\"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/2017\/11\/02\/study-majority-of-families-neglect-to-plan-for-college-costs\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Study: Majority of Families Neglect to Plan for College Costs<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,24],"tags":[],"class_list":["post-1588","post","type-post","status-publish","format-standard","hentry","category-cost-of-college","category-paying-for-college"],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"Mary Stegmeir","author_link":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/author\/mstegmeir\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peWmJq-pC","_links":{"self":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=1588"}],"version-history":[{"count":0,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1588\/revisions"}],"wp:attachment":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=1588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=1588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=1588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}