According to a study by College Ave Student Loans, one-third of parents say they will help their children pay back student loans.
Can you even blame them? Student loan debt is topping out at over $1.5 trillion currently. In-state tuitions are currently three times higher than they were in the 1987–1988 school year.
One of the only ways parents can even secure their child’s future any more is by helping them pay down student loan debts.
Image via Kickstarter.