Parents may be surprised to find this gift at the top of their holiday wish lists. They can help pay college expenses for their children.
Surprisingly, 84 percent of parents who were surveyed stated that they would recommend it to their children. “welcome”According to Fidelity Investments, contributions to their 529 college savings account can replace traditional gifts. But only 29 percent of respondents actually asked for this assistance.
What is holding parents back from achieving their goals? Maybe they still believe in Santa, good luck! Or maybe they don’t know about free online programs like the one available at www.santa.org. FidelityThis allows family and friends to easily chip in to help ease the burden.
It is quite a burden, considering that the College Board’s Trends In College Pricing 2017 listed the average annual costs (tuition and fees, room, and board) for a private four year college at $50,900, a public four-year college in-state at $25,290, and a public four-year college out-of-state at $40,940.
Full-size image available here.
