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."

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