If we’ve said it once, we’ve said it a million times: college tuition is rising and along with it,student debt. While a new report shows that families are doing their best to help cover the costs by saving more, it likely won’t be enough.
According to Sallie Mae’s annual “How America Saves for College” report [PDF], the average family now has a total of $115,604 saved in various forms. But while 51% of these families are saving for college, only 10% of their savings are going toward their kids’ education.
This year’s report, which surveyed 2,020 parents with children under 18 years of age, found that families’ increased their average college savings by nearly $4,000, or 30%, from the the previous year.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
Here is a novel idea: start at WorWic for 2 years at $90 a credit - excluding scharships, that will cost $3600. Then, finish up at SU: $16000 for the last two years. If you do well at WorWic, you will most likely get a $3000/yr award at SU, meaning it's now $13000 for the two years.
Don't go into debt at a $40000 a year school - it is crazy. WorWic and SU can give an excellent college education.
Post a Comment