Fewer Parents Willing to Pay for Kids' College Tuition

iStock/Thinkstock(NEW YORK) — Although young people might see things differently, going to college is a privilege, not a right, since most often it’s mom and dad who get stuck with the bill.

Just the same, an annual survey by Discover Student Loans reveals that 96 percent of parents continue to see the value of a college degree, although fewer are willing to help pay for tuition.

In a poll of 1,000 adults, 77 percent said they’ll contribute to further their children’s education, compared to 81 percent in the 2013 survey.

As it happens, 16 percent of parents said they won’t pay a dime toward sending their kids to college, although most in that group say it’s because of their own personal financial situation.

Meanwhile, 15 percent of adults surveyed by Discover Student Loans believe that their youngsters should be totally responsible for footing the bill if they want to go to college.

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