According to a new survey by Sallie Mae, undergraduates covered 30 percent of the cost of college themselves last year—the highest percentage since 2007. Most of their contribution came from student loans, of which they borrowed about one thousand dollars more than in 2009. The weak economy and skyrocketing tuition are also driving families to eliminate college choices after receiving inadequate financial aid packages, and many other students are choosing to live at home to save costs.
How the average American family pays for college – Source Sallie Mae
