Gaps in College Savings

Families are saving an average of $2,676 for college annually, according to the results of a new survey by Sallie Mae and Gallup. The survey also found that -- as a percentage of income -- those with incomes under $50,000 save more than wealthier families. Only 29 percent of families are on track to meet their college savings goals, the survey found. Details of "How America Saves for Colleges 2009" are available here.