From tutoring to prep classes, and athletics and music lessons — parenting involves a lot of sacrifice.
But as of late, parents have started to take on more of their childrens’ student loan debt.
According to a new study by Country Financial, 56% are willing to go into debt to put their kids through school. An April 2019 survey of more than 1,000 adults found the average parent said they would go $31,000 in the red for their child.
To that end, 29% of parents said they would forfeit vacations, 26% would sacrifice their savings, 18 percent said they would take out a loan and 17% would get an additional part-time job.
Not only has the increase in college costs effected students, it is now affecting their parents.
It’s time to make a change. PTO Exchange has the solution with PTO Education.
PTO Education empowers companies to give their employees the flexibility to apply the monetary value of their unused paid time off to pay down their student loan debt.
PTO Education features allow companies to:
It’s bad enough that students have to deal with the increasing tuition, parents shouldn’t be taking them on too.
For more information, we'd love to talk with you about your specific situation.
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