Sallie Mae Provides Resources, Recommends Parents of Infants Through Teens Create a Plan to Save
Despite rising college costs, fewer American families with children under age 18 save for college (50%) than did just two years ago (60%), according to a research report released today from Sallie Mae and Ipsos. While nearly all parents believe college is an investment in their child’s future, only one-third have a plan to pay for college. Many families not yet saving for college give non-monetary reasons that may be overcome with more financial education. As part of America Saves Week, Sallie Mae encourages families to start making saving for college a habit today.
Debby Hohler, 617-454-6741 (media)
Meghann Jones, 202-420-2019 (Ipsos)
