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Pepperdine University School of Law

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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.)

http://taxprof.typepad.com/taxprof_blog/2010/10/how-america.html

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