Why plan for college:
Almost 45 million American adults owe $1.7 trillion in student loan payments ₁
63% of parents say they are still worried about having enough money to help pay for their child’s education. ₂
38% of parents say paying for college is the child’s top anxiety about attending college, followed by applying for scholarships and aid (30%).₂
While 41% of parents don’t feel like they started saving early enough, up from 37% in 2019, most are planning to leverage a mix of resources to finance college₂
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