US recession a "worry" for college applicants and parents

March 26, 2009

According to the Princeton Review's annual College Hopes and Worries Survey, 67% of students and 63% of parents said the economic downturn has affected their decisions about applying or attending college. 85% of students and 81% of parents said financial aid was extremely or very necessary to paying for college education. 37% of students and parents replied that their biggest concern was getting accepted into a first-choice institution, but not having enough funds or financial aid to attend. Students' dream school this year is Stanford University, while for parents it is Harvard University. College Hopes and Worries Survey 2009