Parents Inch Closer To College Saving Goals Study Says


NEW YORK – When optimism and realism about college savings collide, you get parents who are confident that they will meet their goals – as long as they reduce the amount of money they save, that is.

According to the latest “How America Saves for College” report from lender Sallie Mae, 90 percent of parents who have set a college savings goal say they will meet it.

But perhaps this is because they cut the amount they plan to save to $55,342, down from $61,902 last year.

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