Poll on Parents and Paying for College

Despite the economic downturn, 67 percent of parents believe in their ability to meet the cost of their children's college education, according to a poll being released today by Sallie Mae and Gallup. However, there are less encouraging signs too. In the last year, the percentage of parents "extremely worried" that the value of their savings and investments would be low increased to 31 percent from 17 percent. Parents also remain worried about tuition increases, the poll found.