Plugged In: Parents expect kids to pick up more college costs

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If you have children — you probably worry about how you’re going to send them to college.

According to Fidelity Investment’s 8th annual College Savings Indicator Study, parents says they plan to cover 64 percent of their children’s total college costs.

The study found most parents are behind in their savings efforts and are on track to save just 28 percent of their goal.

Parents do expect their children to contribute to the cost of college. Parents say they want their children to contribute an average of 35 percent of the total bill.

How do they expect them to do that? By tapping into their own savings, working part time jobs and student loans.

Click here to read more on the study, then comment on our Facebook post below. Todd Meany might read your comments during Plugged In from 6:30 – 9 a.m.

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