Survey Finds Parents Prefer College Savings Gifts but Hesitate to Ask

1 day ago · College savings gifts can add up over time. Of parents who ask for college savings gifts, 37% reported receiving between $100 and $499 in the past year, while 33% received …

37%
OFF

Survey Finds Parents Prefer College Savings Gifts But Hesitate To Ask

2 weeks from now

1 day ago · College savings gifts can add up over time. Of parents who ask for college savings gifts, 37% reported receiving between $100 and $499 in the past year, while 33% received …

savingforcollege.com

40%
OFF

Survey: Interest In Swapping Holiday Gifts For College Savings Grows

2 weeks from now

Dec 9, 2020 · Despite this growth, not everyone is taking advantage of gifting to grow their college savings. In our survey, more than 40% of respondents did not receive any gift contributions …

savingforcollege.com

45%
OFF

College Savings Foundation

2 weeks from now

Nov 8, 2021 · College Savings Foundation survey of parents shows 45% may ask for 529 gifts Washington, DC, November 9 – With supply chain delays disrupting families’ plans for material …

collegesavingsfoundation.org

30%
OFF

Inflation Is Keeping Parents From Saving More For College - Money

2 weeks from now

Aug 1, 2024 · And yet, Fidelity finds that families are on track to cover just 30% of expected college costs. Parents’ readiness for paying for college is related to how they’re saving, …

money.com

48%
OFF

Survey: Many Gift-Buying Parents Pressured To Overspend This …

2 weeks from now

Oct 8, 2024 · A new NerdWallet survey, conducted by The Harris Poll, finds that 48% of parents with children under 18 feel pressure to spend more money on holiday gifts than they’re …

nerdwallet.com

55%
OFF

Parents Less Worried About Paying For College, Some Still Leaning On ...

2 weeks from now

Jul 9, 2021 · Fewer families feel overwhelmed by the cost of college this year compared to last year — 55% in 2021 versus 71% in 2020, the survey of 1,045 parents conducted by College …

foxbusiness.com

61%
OFF

College Ave Survey Reveals How College Students And Their …

2 weeks from now

Survey finds changes in borrowing, merit aid, and income and savings over the past few years 61% of college students report inflation has affected their saving and spending habits …

collegeave.com

73%
OFF

Many Parents Think Saving For College Is Harder Than Anticipated

2 weeks from now

Aug 30, 2019 · Most parents relying on savings, cash rather than a 529 plan. For parents, savings accounts are by far the most common method of saving for college, with 73% using them for …

lendingtree.com

FAQs about Survey Finds Parents Prefer College Savings Gifts but Hesitate to Ask Coupon?

What percentage of my parents' savings can I use for college?

FAFSA considers only 5.6 percent of your parents’ savings when determining your eligibility for financial aid. Keep this in mind if your parents want to transfer a large chunk of change to you to help out with your college expenses. While the money is in their name, FAFSA only takes 5.6 percent of it; as soon as it is in your name, FAFSA lays claim to 20 percent. ...

Are college savings plans a good idea?

The wider point is that such policies are beneficial not just for establishing the best college savings plans for families, but also for boosting financial well-being over peoples’ lifetimes. ...

Are 529 college savings plans a good idea?

Families saving for their children’s university educations can reap substantial benefits from 529 college savings plans, as these enable parents to squirrel away and invest spare cash to pay for college tuition via tax-free withdrawals. ...

Are parents missing out on a 529 plan?

Indeed, new Wharton research shows that hundreds of billions of dollars of parents’ hard-earned money is parked in suboptimal 529 plans, meaning that millions of families are missing out on higher returns. ...

Should you invest in a home-state or a local college plan?

In fact, while the research does demonstrate a preference for home-state plans, it shows no higher risk-adjusted returns when people invest in local plans versus those in other states. The results suggest that information advantages are unlikely to explain why people park their college savings in suboptimal plans. ...

Are less financially savvy families seeking more expensive financial advice?

The research documents that households living in states with higher levels of financial literacy invest less in suboptimal plans. Moreover, the expensive plans are often sold by advisors charging higher fees. This suggests that less financially savvy families are seeking more costly financial advice, given the complexity of 529 plans. ...