- About 56% of American families with children have started saving for college, according to a new study from Sallie Mae.
- Among families with savings, the average amount saved was $18,135.
- Families with higher incomes, those with children closer to college age, and parents with bachelor’s degrees tend to have more money stowed away for college.
College has become ever more expensive, and so it’s important for parents to start saving early.
A new report from student loan company Sallie Mae breaks down the state of American parents’ savings plans for their children’s college educations, based on a survey of 2,003 adult read more >>>
Source:: BusinessInsider.Com