Parents less willing to add college debt
More middle- and upper-middle-class parents are willing to pass more of the burden of tuition costs on to their children, financial aid officers say. Many are worried about retirement and say their fixed costs eat up their income. Others have not saved enough or are helping pay for care for their aging parents. \"What I\'ve really seen in the last 10 years is a generational shifting of the responsibility\" to pay for college, said Ellen Frishberg, director of student financial services at Johns Hopkins University in Baltimore. Some parents may ask their children to borrow for their higher education but then assist them in the repayment, but that is difficult to discern. Christine W. McGuire, director of financial assistance at Boston University, said changing attitudes about debt were behind the trend. \"We\'re so comfortable with debt burden now as a society, and the parents already have a significant debt burden of their own, they may not see it as a big deal if students are also taking on large amounts of debt.\"