Posted by Nick Porcell
Grandparents are pitching in. Students are working more, and eating less. Parents are taking out more and bigger federal loans.
As the economy has declined and college costs have risen, families have buckled down and become more resourceful to pay for college.
They have been so successful at funding tuition that college enrollment is up dramatically. A record 40 percent (or 11.5 million) of 18- to 24-year-olds are taking at least one college course this year. Add in all the adults returning to school because of the lousy job market, and the total number of college students is likely to exceed 19 million this year.
How are more students affording tuition even though many colleges' prices are at record highs and many scholarship programs, private lenders, and family savings accounts have been wiped out?
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