College Savings Planning Starts Early Electronic Accountant Online (09/05/00) Vol. 4, No. 7 p.12; Tapas, Tina D.
A recent nationwide survey for Fidelity Investments
bodes well for CPAs seeking to offer financial planning services
to families looking to save for their children's education. The
study found that three out of four of today's parents with
children five-years-old or younger have already started to save
for their child's college education. An impressive 43 percent
began saving before their child was even born. Abram Claude, a
Fidelity vice president, said, "Considering that a four-year
public college education is expected to cost more than $80,000 by
the time today's kindergartners are ready for college, parents
are making the wise decision to save early."