Nearly One Third Of Parents Paying Back Student Loans

KCBS_740 SAN FRANCISCO (KCBS) — A recent survey finds a large percentage of parents are paying back student loans—either their own loans, or those of their children.

The T-Rowe Price survey found 28-percent of parents are paying back student loans either for their own or their children’s education.

In Berkeley, Cal students appear quite aware of the dangers of too much debt.

“Some jobs are more financially viable in terms of what’s in demand, and what’s not. So, an engineer is going to have a higher paying job than someone who say has something more like a liberal arts degree,” one Cal student told KCBS.

See the survey’s full results here (in PDF form).

More from Margie Shafer

One Comment

  1. Walter says:

    Basically, 1/3 of parents were too stupid to get degrees in fields that matter and were also too dumb and decided to reproduce.

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