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September 23, 2024

More parents save for college, but financial gaps persist

  • Many plan to rely on financial aid, scholarships, and student loans to bridge the gap.
    • By LIAM GIBSON
    Wealth of Geeks

    iStock image
    Although many parents want to do all they can for their kid’s future, competing priorities often constrain finances.

    A new Fidelity study reveals 74% of parents are saving for higher education costs in 2024. Unfortunately, current savings levels are projected to fall well short of meeting savings goals.


     
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