Students more dependent on parents for finances

SYRACUSE, N.Y. – Finances are the most talked-about subject between college students and their parents. And in case there is any doubt, a recent survey by the \nCollege Parents of America confirmed it.\nBut many wonder whether it is students or their parents who bear the brunt of expenses.\n“Students have always relied on their parents,” said Colleen O’Connor Bench, director of the Syracuse University Parents Office. “College students start off 17, 18, 19 years old. Of course they depend on their parents.”\nStudents are increasingly dependent on their parents, said Christopher Walsh, dean of financial aid at Syracuse. “Lets face it, this is the most over-involved generation ever.”\n“We’re very fortunate that families of kids who go to SU are willing to make great sacrifices to see their children get an education,” Bench said.\nBut a larger percentage of students are paying for part of their own education, and 60 percent graduate with debt, according to an article from \nfamilyeducation.com, a consumer group for students, parents and teachers.\nWalsh said one reason for the increase is the rising price of a college education. College is more expensive for this generation in terms of tuition.