More American families are asking advisers for help saving for college, and nearly all of those families have accumulated much more toward their goal than the typical family, according to a recent Fidelity Investments survey.
“This year’s findings are consistent with what we hear from our customers – parents recognize the importance of defining their college priorities and setting a strategy to save regularly,” said Keith Bernhardt, vice president of college planning at Fidelity Investments. “If families commit to saving, planning and talking about college priorities early, they are better prepared to meet college costs and help their children avoid significant student debt in the future.”
Liz Skinner of Investment News provides an overview of the survey results. Read the article here.
Click here to read the full results of Fidelity’s 7th annual College Savings Indicator study.