College Savings Plans Underused
Source: online.wsj.com Posted By: Collin 5435 days ago
Families, even affluent ones, aren't getting the message that they need to save more for college and that a 529 college savings plan is likely the best option.
"I'm surprised at how many people think everyone gets some financial aid," said Linda Leitz, a financial adviser in Colorado Springs, Colo.
A recent Gallup survey released by Sallie Mae found that 20% of those earning more than $150,000 aren't saving for college costs.
Ms. Leitz said some of those families may already have set aside....