Survey: More Parents Saving for College

September 25, 2015

A survey by Fidelity Investments on parents' college-savings activities finds that parents are doing more than in recent years.

Among the findings:

  • Saving for college has reached an all-time high, with 69 percent of families currently saving (up from 64 percent in 2014).
  • More parents than in the past are saving in strategic ways, by developing financial plans to help reach their goals (62 percent, up from 59 percent last year).
  • Parents surveyed plan to take on a larger share of expected college costs (66 percent) compared to just a few years ago (57 percent in 2012).

The results come from a Fidelity survey of 2,470 parents who have children aged 18 and younger who are expected to eventually attend college. Parents had minimum household incomes of $30,000 and were the primary financial decision makers in their families.

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