Are you concerned about how to pay for college for your children? You aren't alone. Our Moms Matter 2012 survey found that moms are very concerned about affording college tuition for their children. Overwhelmingly, moms' worries are dominated by two very practical day-to-day economic considerations: paying the mortgage or rent on their home (55%) and spending on groceries (36%) ... followed by one very long-term concern: college tuition for their children (31%).
Unless you've got significant savings, student loans or scholarships are probably on your radar for your children's college education. But scholarships are getting harder to come by. A recent study from Sallie Mae found that 35 percent of families paying for college received a scholarship in 2012, down from 45 percent in 2011. At the same time, student loan debt is on the rise -- Americans now hold almost 1 trillion dollars in student loan debt -- a number that is growing rapidly as tuition costs rise.
As part of the Moms Matter 2012 Swing State Road Trip, we stopped in Pittsburgh, PA where we visited the University of Pittsburgh and Carnegie Mellon University to find out if current and prospective students are as worried about student loan debt as their mothers.
Are you worried about how you'll pay for college for your children? Should the government do more to help?