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ESSENCE Poll: How Are You Paying for Your Child's College Education?

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Black Woman Graduate
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Giving your child a college education can be pricey. From private universities to law schools, the costs of education can be quite taxing on families. 

But according to a new study done by the financial services company Sallie Mae, parents have been finding better ways of paying for college. It seems that Americans have been borrowing less money in order to pay for college costs, and the numbers prove it. The study found that families borrowed money to pay for 27% off college costs, last year. While this year, that number has gone down to 22%. With the economic conditions of the time, even that 5% decrease is worth excitement. 

So we're wondering, how are you paying for your child's college education? Take our poll and fill us in on your creative savings plans. 

QUESTION:
How are you paying for you child's education?
Savings.
11%
Loans.
18%
A mixture of both savings and loans.
26%
Scholarships .
25%
No clue.
20%
Total votes: 181

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