dcsimg

Parents are main source of education funding survey finds

on Thursday,March 05,2009 03:03

money+fight_2144_19060509_0_0_7023920_300.jpg

As students get ready to enter postsecondary schools and seek funding for tuition, new research has revealed that the most common source of financing are parents'' own assets.

The survey conducted by Visa, a retail electronic payments operator, found that 23 percent of students rely on their parents as the primary source of funding for college expenses. Government grants are the most popular source for 15 percent of students.

Fourteen percent of those polled rely on government-backed loans to cover the costs, while jobs and academic/sports scholarships are used by 11 and 10 percent of students, respectively.

Parents in San Francisco, Cincinnati, New York City and Austin were the most likely to be the primary source of funding, according to the survey, while in Philadelphia and Orlando sports and academic scholarships came first.

Government grants were the main funding options in San Antonio, Springfield, Missouri and Springfield, Illinois.

There are some signs that student financing may become easier in the coming years. Congress passed the American Recovery and Reinvestment Act on February 13 which includes provisions to enhance Section 529 college savings and raise the minimum level of the Pell grant beginning July 1.
ADNFCR-2144-ID-19060509-ADNFCR
Refine School Matches
Hide filters
  • SUBJECT Clear All

    See More

  • DEGREE

    See More

  • PROGRAM TYPE

  • START TIME

    LOCATION
    Please enter valid US or Canada Zip.
            Results open in new window

            Searching Searching ...

            Matching School Ads
            Graphic Design (AS)
            • Alumni have appeared in reality competition shows such as Top Chef and Project Runway.
            • Has a team of about 4,000 faculty members focused on helping students tap opportunities in a marketplace driven by ideas.
            • Offers programs in design, media arts, fashion, and culinary.
            • Provides program coordinators who work with students to ensure they have the learning materials, assignments, facilities, and faculty to get the most out of the program.
            • Over 50 campus locations nationwide.
            Show more [+]
            • Flexible Scheduling
            • Financial Aid
            Graphic Arts (AAS)

            The Secret to Getting Ahead is Getting Started

             

            Congratulations! Your interest in California College San Diego is an important first step toward changing your life. A career-focused degree is the key to a new career with a potentially higher income, better benefits, and more satisfaction.

            Master of Fine Arts: Graphic Design
            • Liberty University’s online programs ranked in the top 10 out of more than 2,100 colleges & universities for academic quality, affordability, and accessibility.*
            • 100% online programs at associate, bachelor’s, master’s, and doctoral level.**
            • Transfer up to 90 credits into an undergraduate degree program.
            • Up to 50% of your master’s degree can be transferred in to help you get the most out of your hard work and maximize the credit you previously earned.
            Show more [+]
            • Accredited
            • Online Courses
            • Financial Aid
            • Transferable Credits

            Latest Articles & News

            Kanye West to perform during Paris Fashion Week
            It is no secret to many that music artist Kanye West is no stranger to fashion, and now he will be showing his new collection during Paris Fashion Week later this week, according to the Elle Magazine.

            Second designer chosen for home decor competition
            Teenlike.com, an ongoing online competition for young home decor designers, announced its second winner. Brandon Dover of Apply Valley, California, was this year's winner, as he created an abstract pen and inkwork design for a bedspread.