In response to:

How Can You Close the College Saving Gap?

Greg417 Wrote: Feb 14, 2013 8:42 AM
You seem to miss a very important point (one our society and government seem to miss). He should manage his daughters expectations and explore all low cost alternatives. Community colleges offer a excellent opportunity to keep costs down during the first 2 yrs of school. The military offers a tremendous value in the GI Bill if the children are inclined to enlist. The problem today is that many parents/children expect the Ivy Covered walls-No Working-Frat parties on Sat Night experience.

Dear Carrie, I'm the father of three teenage daughters. I've been saving for college since they were babies, so I'm shocked to find myself $100,000 short. How can I cover this gap? The oldest is 16. --A Reader

 

Dear Reader, First, I want to congratulate you for making saving for your daughters' educations a priority. It's no easy task to keep that as a primary goal in the face of all the other costs of raising children. A national Sallie Mae study, "How America Pays for College 2012," found that the typical family covered just 28 percent...