Parents and Loans for Postsecondary Education, Wall Street Journal Article
As the costs of college have risen, so has the number of parent loans and the amount borrowed by parents. A recent Wall Street Journal article discussed this rise. Citing FinAid.org, "over 17% of graduates in the 2011-12 academic year had parent Plus loans borrowed for them, which are loans available directly from the federal government, each with an average $33,800." Just how big a rise is that from previous parent borrowing? "That's up from 13% with about $23,300 on average in the 2007-08 academic year."