On August 30, the Department of Labor's Employee Benefits Security Administration participant fee disclosure rule, dubbed ERISA 404(a)(5), will go into effect.
As a result, they are increasingly resorting to additional revenue sources, such as having the child work part-time, assume student loans, live at home and commute or attend a public university.
The contract for the $1.9 billion portfolio is for seven years.
Still, a majority of class of 2011 respondents, 66%, who are graduating with debt say the value of college is equal to or worth more than the debt accumulated.
This beats industry estimates by 30%, FRC says.