Study: Grandparents Save for College for Grandchildren

More than half (53 percent) of grandparents are saving for their grandchildren's college costs, or plan to start saving, according to research released Thursday by Fidelity. And 90 percent reported that, if asked, they would be likely to make a financial contribution to their grandchildren's college costs. A majority of grandparents are also talking to both their children and grandchildren about college savings. The national survey was conducted of adults who are at least 45 years old and who have at least one grandchild younger than 18.