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Article: Fidelity's College Savings Indicator Finds Parents Are Projected to Meet Only 24 Percent of Future College Costs.
- Article from:
- Business Wire
- Article date:
- December 5, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Parents Utilizing a 529 College Savings Plan on Track to Meet 52 Percent of Expenses
BOSTON -- Fidelity Investments today announced the results of its first annual College Savings Indicator, which calculates how prepared parents are to pay for future college costs, currently projected to be more than $100,0001 for today's high school seniors.
The Indicator found that parents nationwide are projected to meet only 24 percent of the total cost of their children's college education, including tuition, fees and room & board. Faring better are those parents utilizing a tax-advantaged 529 college savings plan, who are on track to cover 52 percent of their ...