Parents Expect to Keep Paying, Even After Graduation

Sixty-five percent of parents expect to be providing some financial support to their children after they graduate from college, according to a survey released Tuesday by Upromise, a savings-related division of Sallie Mae. Significant numbers of parents seem to assume that the support will be needed more than a few months after graduation. The proportion of parents who believe they will need to provide some support for two years or longer is now 36 percent, double what the share was in a similar survey a year ago.