While the cost of higher education Opens a New Window. can certainly be expensive, results of a study released Tuesday unveiled just how many parents would go into debt for it on behalf of their kids.
A survey from Country Financial showed that more than half of Americans polled – 56 percent – were open to fronting the bill for college and taking on debt as a result, according to a news release Opens a New Window. that detailed the survey results.
“The survey found that 56 percent of Americans would voluntarily go into debt to pay for their child’s college education, with the average person willing to take on $31K in debt,” the company said.