03/22/2013 01:33 pm ET

3 College Finance Tips For Scared Students (and Their Parents) - DailyFinance


The cost of college rises every year, making it harder for cash-strapped families to afford tuition and other costs. But with both parents and students well aware the long-term value of a degree, most families are looking for ways to cover the bills.

A recent survey from Discover Student Loans found that more than 80% of parents of 16- to 18-year-olds believe college is important to their child's future. Yet three-quarters of them worry about being able to help out enough, while an even more overwhelming majority believe their children will need to shoulder at least some of the burden.