CNN 2000ats Page 90
Exhibit 8.3
Saving Money for College Education
Q425/525 Who in your family is saving money so that you/your child can go to college?
Please check all that apply.
Student Base: Plans to attend college
Parent Base: Secondary school parent and child plans to attend college
Students
Parents
Base: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3810 . . . . . . . . .751
%
%
Family savings . . . . . . . . . . . . . . . . . . . . . . . . . . .73 . . . . . . . . . . .73
Child is saving money . . . . . . . . . . . . . . . . . .42 . . . . . . . . . . .24
Parents saving money . . . . . . . . . . . . . . . . . .60 . . . . . . . . . . .65
Someone else is saving . . . . . . . . . . . . . . . . .15 . . . . . . . . . . .18
No one in my family is saving money . . . . . . . . .15 . . . . . . . . . . .23
Don't know . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 . . . . . . . . . . .4
No answer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .* . . . . . . . . . . . .-
How much do students and parents worry about having enough money to pay
for college? Two in ten students (18%) worry a lot and slightly less than half (46%)
worry a little (Exhibit 8.4). However, parents are much more likely to think that teens
don't worry at all (52% vs. 35%). Concerning parents' worries about college financ-
ing, many students are in the dark. One in four (25%) don't know how much their
parents worry about having enough money to pay for their college education. Two
in ten (22%) report that their parents worry a lot, one-third (35%) think their par-
ents worry a little and two in ten (18%) think that their parents do not worry at all.
Many parents report that they worry a lot (35%) or a little (41%) about having
enough money to pay for college (Exhibit 8.5). However, one-quarter (24%) say that
they do not worry at all.
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