TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Tuesday, October 5, 2010

How America Saves for College

Sallie Mae Sallie Mae and Gallup today released How America Saves for College. From the press release:
  • 60% of parents have saved for their child’s college education, about the same as last year despite the difficult economic environment, and are on track to save $48,367 on average by the time their child turns 18
  • Nearly half of those not saving for college do not know how (18%) or are not sure which are the best college savings options (28%)
  • 24% of saving-for-college parents risk their financial future by using retirement accounts to save for college.

Press and blogosphere coverage:

(Hat Tip: Ann Murphy.)

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