In a Down Economy, Paying for a Private College Gets Harder

The following paragraph from a WSJ article -- "Painful Choices as College Bills Wallop Families" -- summarizes the struggles that the recession is causing to students and their parents: "Many students are already making painful adjustments, including dropping out, borrowing more to stay in school, transferring to cheaper schools or taking on part-time jobs. A third of parents expect the economic downturn to affect their ability to pay for college this year, according to a survey of 7,000 parents of newly enrolled freshmen by Eduventures, a Boston-based research firm."
http://online.wsj.com/article/SB122895685290096607.html?mod=djem_jiewr_swwgn_121108