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These stats come from a yearly study conducted by Fidelity Investments, and there isn’t a whole lot of cheery news. Though 75 percent of parents plan to help their kids out, only one fifth intend to cover all expenses. And potentially worse, though parents plan to pay around 57 percent of the total cost of their children’s education, they aren’t saving enough now to do so in the future. Experts predict they’ll only have about a third of the necessary amount in the bank when you hit the halls of your university of choice.
We’ve already reported on your generation’s thriftiness—most of you are learning from your parents’ bad saving and spending habits and are socking away far more for the future. But instead of just saving up to nab a big-ticket item, it’s a good idea to start thinking farther into the future. Ask Mom and Dad to help you set up a savings account if you don’t have one yet, and see if they’d be interested in matching the amount you put in there on a monthly basis. If you start now, you could be sailing through school on interest. Talk about smart!
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BY BRITTANY TAYLOR ON 9/4/2012 5:33:00 PM
POSTED IN crack the college code, college 101, In the News, Make more money
i am going to go to college and med school and get my degree in psychology. miss piggy (my piggy bank) is going to get full!
by pandasrock292 on 9/30/2012 12:05:50 PM
My parents said I better get a scholarship!! Well... it saves money!! STUDY KIDS!
by Gabbyw123 on 9/18/2012 10:11:49 PM
I get reall worried when kids in my class brag that they are already saved for college and I barely have anything! I guess I'd better get a new savings account opened.... Oh, and the girl in the pic is pretty.
by Glitterheart16 on 9/8/2012 10:32:46 PM
CHECK OUT MY CLUB!! Pretty Girl Problems ***we're all pretty girls and we all have problems, blog about it babes*** ***one position open*** check it out pretty ladies<3 xoxo<3 Whitney
by beauty4girls on 9/5/2012 10:47:46 PM
**********ATTENTION************ Need advice?!? Ask me anything and I'll give you an honest, detailed response ASAP!! (: My profiles just a click away<3 xoxo, maggie183
by maggie183 on 9/5/2012 7:02:53 PM
Flavor: Rich, sweet chocolate cake smothered with creamy icing. Mmmm!
Fab Fact: Indulge in this new 2013 flavor inspired by the popular cupcake.
Take the 30 Day Craft Challenge!