8/4/2015 – College Costs Rival Retirement as Savings Goal (Plan Adviser)

One-third of parents are still shouldering student debt, according to the ninth annual College Savings Foundation State of College Savings Survey.

Just over half (51%) say that their top strategy for funding their children’s college costs is savings, up from 45% in 2014, and 53% are saving at least some money to put their child through college. Nearly half (48%) have at least $5,000 in their college savings fund. Parents generally plan to rely on savings far more than loans or scholarships, the College Savings Foundation found.

Read the full article in Plan Adviser.