Planning to Pay for Your Child’s Tuition? It May Take More Than You Think.

If you are hoping to pay for all–or some, at least–of your child’s college tuition, you are not alone. The number of parents saving for college tuition has increased over last decade or so. However, according to an article by Business Insider, the hope and the reality of doing so may be getting further away from each other.

“While families have adopted more active and effective savings habits over the past decade, this year’s study still finds that on average, parents are on track to reach just 29% of their college funding goal by the time their child heads to campus,” Keith Bernhardt, vice president of college planning at Fidelity, noted in the study.

To read the full article, and see rates of savings, visit the Business Insider page here.

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