Higher education today is very expensive, while individual businesses or spouse has fallen during the recession. The study shows the results of parents saving for their child’s tuition decreases. Of course this affects not good for their children to continue their education in college.
Moreover, coupled with increasing restrictions tightened lending because of the recession, many parents will not be able to cover their children college expenses and how they will reduce these deficiencies. Currently the parents are looking for other income so their children can continue their education.
Many ways that parents, if their children have been left for college and living on campus now they stay at home and commute to campus every day from home. Parents were delaying retirement and ensure that enough money to finance their children tuition.
Also they do is reduce spending so that more can be distributed to their children in college.
Gratitude for their children to get a scholarship or a loan from the government that really interest free. Even a loan that allows delayed payments within a certain period after leaving school.
The children are also preparing to help reduce the responsibility of parents to pay some tuition as well as using a combination of work and school.