That's because four in 10 parents haven't discussed with their kids that they will need to help pay for college, up from 31% two years ago. Even those who do plan to pay for college may not be able to. Currently, the average amount parents have saved in a 529 plan is just $5,441, according to Sallie Mae.
Reference:
More parents are refusing to pay for their kids' college - MarketWatch
Aug 23, 2018
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