Coffee Club: Should Students Pitch in for College Costs?

Published 08/22 2014 10:58AM

Updated 08/22 2014 11:04AM

According to a Fidelity Investments report, parents on average want their kids to pay for about one third of their college education through savings, working part time jobs and also taking out student loans.

As for what parents are planning to do--this year on average, they plan to pay for about 64% of the total costs. 

That number is up from 57% in 2012.

So how can you save for college and work together as a family? Experts say to create a road map and have a plan in place. It will make you feel more on track.

Also use a dedicated college savings fund.

And turn to advisors for help--they come in all forms, like financial, school counselors, and college counselors. Chances are you'll feel less overwhelmed if there is a team in place.

Share your thoughts here and you could be featured on KRBC's Abilene Midday at 11:30!

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