General World News

Parents are saving more than ever for college — and it’s still not enough

college graduation

College tuition continues to rise, putting increasing pressure on parents hoping to give their children a hand in paying for school. And more parents than ever are stepping up.

According to Fidelity’s recently released 10-Year College Progress Report, 72% of parents reported saving for college this year —a record high — compared to 58% in 2007. The number of parents taking advantage of a dedicated college savings plan, such as a 529 plan, is also on the rise, up 62% since 2007.

However, it’s still not enough.

“While families have adopted more active and effective savings habits over the read more >>>

Source:: BusinessInsider.Com