As college tuition continues to rise, it is becoming increasingly difficult for students to pay for their own education. According to Cengage’s survey, nearly half of all college students are now paying for their own college tuition and fees. This means that almost 50% of college students are shouldering the financial burden of their college education.
The survey also revealed that the majority of college students who are paying for their own college tuition are doing so with their own money. This includes money from part-time jobs, savings, scholarships, and grants. Only about 20% of college students are relying on their parents or guardians to pay for their college tuition.
The survey also found that the majority of college students who are paying for their own college tuition are doing so with the help of loans. About 40% of college students are taking out loans to pay for their college tuition. This means that a large portion of college students are taking on a significant amount of debt in order to finance their college education.
The survey also found that college students who are paying for their own college tuition are more likely to be determined to attain a degree. About 80% of college students who are paying for their own college tuition are more likely to stay in school and complete their degree. This determination is likely due to the fact that they are investing their own money into their education and want to make sure that they get the most out of it.
However, the cost of college tuition could be driving some college students away. About 25% of college students who are paying for their own college tuition are considering dropping out of college due to the cost. This is a concerning statistic, as college tuition continues to rise and the cost of living increases.
Cengage’s survey shows that nearly half of all college students are now paying for their own college tuition and fees. This means that almost 50% of college students are shouldering the financial burden of their college education. The survey also revealed that the majority of college students who are paying for their own college tuition are doing so with their own money, and that a large portion of college students are taking out loans to pay for their college tuition. Additionally, the survey found that college students who are paying for their own college tuition are more likely to be determined to attain a degree, but the cost could drive them away. Aug 12, 2022.