Saving for College Remains an Elusive Goal
For the last couple of years, Fidelity Investments has surveyed parents of children under the age of 18 about their plans for future college expenses. The most recent survey of about 3,000 parents, reported in this news release from Fidelity, looks at anticipated college costs and family resources available to pay for college. This year’s survey found that 62 percent are counting on student loans to help cover the cost of their children’s college education.
Fidelity found that one-third of parents have either had to reduce or eliminate the amounts that they had been saving regularly for future college expenses, …
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