Grandparents as Source of College Funds

Inside Higher Ed:

A study from the MetLife Mature Institute found that 29 percent of grandparents have given their grandchildren financial support for education, spending an average of $8,276 over five years. Of those grandparents who did fund their grandchildren's education, 32 percent helped with tuition or loan payments, 29 percent donated to a college savings plan, and 7 percent helped pay for graduate school.

Posted by Jim Zellmer at September 9, 2012 2:20 AM
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