Description from the New Strategist:
Only 43 percent of American families know how they will pay for college before their child enrolls in school, according to the latest Sallie Mae report, How America Pays for College 2013. The college cost "surprise" that greets many families as their child heads out the door is one factor behind the rise in student debt.
The typical family with an 18-to-24-year-old enrolled in an undergraduate program paid $21,178 for college in the 2012-13 school year. The funds came from a combination of parent income and savings ($5,727), loans ($5,760), grants and scholarships ($6,355), student income ($2,284), and gifts from relatives and friends ($1,053).
And in a similar vein, The One Comic That Explains Just How Screwed America Is.