Students concerned with college savings

By Gary Linnell

ProWEB Wire (Industry News)


The study, College Bound and Cost Conscious: A Survey of High School Seniors, finds that -- not only has the cost of a four-year college risen to nearly $125,000 -- but 69 percent of high school seniors are concerned about college savings.

Meanwhile, 80 percent of seniors surveyed in 2010 believe a college education is a minimum requirement for a decent job -- up from 74 percent in 2009, Fidelity Investments reports.

According to the vice president of Fidelity Personal and Workplace Investing, "High school seniors recognize the critical difference a college degree can have on their future, yet college costs are weighing heavily on their minds. This highlights how important it is for families to save early and regularly in a dedicated account and to make sure they get the guidance they need around financing their child's college education."