U.S. parents spending less on college tuition, study finds

U.S. parents spending less on college tuition, study findsDespite a record-high U.S. stock market and a positive economic outlook, U.S. parents spent less on college tuition during the 2016-17 school year, according to Sallie Mae’s 10th annual “How America Pays for College” report. Sallie Mae’s study does not directly address why parental spending fell, but there are several indicators. The typical family that emerges from Sallie Mae’s study is not big on planning: While 9 out of 10 expect their kids to go to college, only 4 out of 10 budget for it.



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