The study, conducted by TD Ameritrade, found that two in five teens are willing to put off their extended education for economic reasons. The number of students who made this revelation (36%), is also up 5% from the same study conducted last year.
“I think that the economy has played a big role in this and it’s really unfortunate that college is being delayed,” Stuart Rubinstein, managing director of investment products told Marketwatch.
The study also demonstrated that 80% of teens consider college important and 78% added that they are sitting down with their parents ahead of time to come up with a plan on how to tackle the expense.
Seniors – Are you planning on going to college next year? If so, how do you plan to cover the expenses (scholarships, loans, parent’s assistance, etc)?