Literature Review #3

Another very useful article I chose to use for my research is entitled "Parents Worried About Funding Costs of College Education." This is a different type of article that I'm used to reading thought because it isn't really written by one author. This article is written by Petersen International Underwriters (PIU). Petersen International Underwriters provides insurance solutions for different problems that people may have such as medical issues, life, and contingency risks. So they are very informed about insurance for many different situations so their article is very factual and full of information based solely off facts which is great so there's no bias. For almost forty years PIU has been recognized nationally and internationally for their experience in the insurance industry so I trust that this article has correct information. This is why they wrote this article about parents paying for college because it is considered a contingency risk. This article is the most factual article I have found so far so I think it will be really important for my research. It provides statistics about parents paying for college and how many parents do and do not help their children with college. This is exactly what my paper is about so this article is a wonderful addition to my sources. This article will really help me with the statistical aspect of my paper. This article discusses how parents are really not able to help their children as much as parents could in the past when it comes to paying for a college education. "34 percent of these parents have either decreased the amount they are saving or have stopped saving completely for their children's future college education." This is a pretty large amount of parents who aren't helping their children out anymore. There's a reoccurring theme I am seeing in many articles that I am finding and it's in this one as well. How parents are risking retirement for their children's college education. "35 percent of all parents fear they will need to delay retirement to meet college expenses." Having children pay for their own education seems to be becoming more and more popular as the economy is getting worse. The idea of student loans are also becoming more popular and many parents are having their children take out these student loans. "more parents (62 percent in 2008 vs. 53 percent in 2007) are planning to rely on student loans to help fund expenses." 

Key Terms:
contingency- "A future event or circumstance that is possible but cannot be predicted with certainty"
expenses- "The cost required for something; the money spent on something"



This is the Petersen International Underwriters shield.


Petersen International Underwriters. "Parents Worried About Funding Costs of College Education." Parents Worried About Funding Costs of College Education 104.1 (2009): 32. Print.