Families spent less on college this year, survey finds

American families spent 9 percent less on college in the 2010-11 academic year than in the previous year, reversing a recent trend toward increased college spending, according to a new Sallie Mae study, reports the Washington Post. Previous surveys from the student loan giant found families spending progressively more on college from the 2008 to 2010 academic years, despite the recession. Why the sudden shift?

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