About 60 percent of parents of college-bound children under age 18 are saving for their oldest child’s college education, and the share of families who are saving rises sharply with income level, according to a report released Tuesday by the lending company Sallie Mae. The report, “How America Saves for College,” is based on a Gallup survey of parents. A related report, “How America Pays for College,” based on a survey of current traditional undergraduates and parents of undergraduates, was released earlier this year.
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One Response to How Families of Tomorrow’s Students Save for College
goodeyes - October 5, 2010 at 4:22 pm
We have saved monthly from the day our first child was born. We put it in a 529 account and get a tax break from our state.