A new survey conducted by Ascent Student Loans found that more than half of college students in the U.S. are paying more than half of their total education costs, without the help of grants or other government assistance.
Meanwhile, 51 percent of students responded that the quality of their education is not up to par with what they are paying.
In many cases students can’t get their parents to co-sign for a loan if their credit scores are not strong enough, and often a parent’s credit score could be dropping simply for co-signing other loans with their children.
For those reasons and more, students are often dropping out of school because they are not able to afford school rather than because of poor grades, say experts.
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