With their finances strained, some higher-earning parents are making their children pick up more of the tab. Among families earning $100,000 or more, students paid 23% of their college costs in 2012 through loans, income and savings, according to Sallie Mae, up from 14% in 2009; the share covered by parents fell to 52% from 61%.

"The boomers are the first generation shifting the cost of college to their kids," both through increased student borrowing and reduced taxpayer support for higher education, says Susan Dynarski, a professor of education and public policy at the University of Michigan.

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Filed under: * Culture-Watch • Children • Education • Marriage & Family • Young Adults • * Economics, Politics • Economy • Consumer/consumer spending • Personal Finance • * Theology • Ethics / Moral Theology • Pastoral Theology

1. Catholic Mom wrote: Umm…let’s see.  I worked for 1/4 of my tuition, I took out loans for 1/4, I got a scholarship for 1/4, and my parents paid 1/4.  And I’m a boomer and they were members of the “greatest generation.”  And that was pretty much the case for everybody I knew.  Oh…and I went to the University of Michigan too. August 10, 7:16 pm | [comment link]

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