Sallie Mae: Americans borrowing less for college - WDRB 41 Louisville News

Sallie Mae: Americans borrowing less for college

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LOUISVILLE, Ky. (WDRB) -- Fewer Americans are borrowing money to pay for college.

That's according to Sallie Mae, which specializes in student loans and educational financing.

In the last school year, 42% of college cost was covered by parents or a student's income or savings. That's up from last year's 38%. The report also shows families borrowed 27% of college costs last year. This year, that number is down to 22%.

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