HOW PEOPLE PAY FOR COLLEGE / JOHN B. LANSING and OTHERS.

THE OBJECTIVES WERE TO DETERMINE WHAT PROPORTION OF PARENTS CONTRIBUTE TO THE COLLEGE EDUCATION EXPENSES OF THEIR CHILDREN, THE AMOUNT THEY CONTRIBUTE, AND HOW CONTRIBUTING PARENTS BUDGET AND PLAN FOR THE EDUCATION OF THEIR CHILDREN. OVER 2,700 INTERVIEWS WERE TAKEN IN 2 SURVEYS IN 1959-60. THE INTERVIEWS OBTAINED INFORMATION ON THE AMOUNT PARENTS CONTRIBUTED TO THE EXPENSES OF THEIR CHILDREN WHILE IN COLLEGE, FUNDS ACCUMULATED PRIOR TO ENROLLMENT OF THE STUDENTS, FUNDS ACQUIRED DURING THE PERIOD OF ENROLLMENT, AND OTHER PERTINENT INFORMATION. PARENTS OF PROSPECTIVE COLLEGE STUDENTS WERE ASKED QUESTIONS CONCERNING PLANS FOR SENDING AND FINANCING THEIR CHILDREN THROUGH COLLEGE. MEDIANS, MEANS, AND FREQUENCY DISTRIBUTION ON THE FINANCIAL VARIABLES AND SAMPLE DISTRIBUTIONS ON REPLIES TO OTHER QUESTIONS WERE PRESENTED. MULTIPLE REGRESSION TECHNIQUES WERE USED TO ANALYZE EXPECTED AND ACTUAL COLLEGE ATTENDANCE. OF THE TOTAL ANNUAL EXPENSES OF COLLEGE STUDENTS IN 1959, 60 PERCENT WERE MET FROM MONEY CONTRIBUTED BY THEIR PARENTS. OF THE AVERAGE TOTAL OF $1,550, ABOUT $960 CAME FROM THE PARENTS, THE REMAINDER COMING FROM MONEY EARNED BY THE STUDENT, STUDENT SCHOLARSHIPS, AND OTHER SOURCES. HALF OF THE FAMILIES INTERVIEWED WERE ABLE TO DRAW UPON MONEY SET ASIDE IN ADVANCE TO HELP PAY FOR THE EDUCATION OF THEIR CHILDREN. IN ONE FAMILY OUT OF FIVE, THE MOTHER TOOK A JOB TO HELP PAY COLLEGE BILLS. FORTY-FOUR PERCENT OF THE FAMILIES PAID OUT OF CURRENT INCOME. (GC)

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