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Business Wire 10-Apr-2019 8:00 AM
Nearly three-fourths of parents will help their child pay back their student loans
With College Decision Day on May 1, many college-bound high school seniors and their parents are in the exciting process of making their final school choice. As families deliberate during these final weeks, a national survey of 5,416 parents of college students sponsored by College Ave Student Loans and conducted by Barnes & Noble College Insights™ sheds light on what impacts a family's decision and how they plan to pay for the upcoming school year.
Cost affects the decisions in the mix.
Merit aid is important.
The financial aid award letter is not written in stone.
Families split on whether children should help pay for college.
Students take out loans, but parents typically help pay them off.
Parents send their child off to school on the right financial foot.
"The College Ave Student Loans survey highlights the varying and considerable financial role parents provide as their college-bound senior heads to school," said Joe DePaulo, CEO and Co-Founder of College Ave Student Loans. "Whether parents are advocating for more financial aid, helping a child create a financial budget, or helping pay off a child's student loans, parental support serves as a cornerstone in many student's financial plans for college."
For more information about ways to plan and pay for college, visit the resources at College Ave Student Loans: https://www.collegeavestudentloans.com.
About the Survey
The College Ave Student Loans survey was conducted by Barnes & Noble College Insights(SM). The national survey had 5,416 parents of college students respondents and was fielded in March 2019.
About College Ave Student Loans
College Ave Student Loans is simplifying the student loan experience so students can get on with what matters most: preparing for a bright future. As a fintech lending company with a sole focus on private student loans, we're using technology and our deep industry expertise to connect families who need to cover education costs with lenders who can provide that funding. By specializing in student loans, we are able to give our customers the attention they deserve and deliver loans that are simple, clear, and personalized for the individual: we help you find your perfect fit. We offer competitive rates, a wide range of repayment options, and a customer-friendly experience from application through repayment. Visit: www.collegeavestudentloans.com.
About Barnes & Noble College
Barnes & Noble College, a Barnes & Noble Education company (NYSE:BNED), is a leading operator of college bookstores in the United States. Barnes & Noble College currently operates 773 campus bookstores and the school-branded e-commerce sites for each store, serving more than 5 million college students and faculty nationwide. General information on Barnes & Noble College can be obtained by visiting the Company's website: www.bncollege.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190410005122/en/