College savings plans amid COVID-19
Most parents agree college is still worth the cost and are saving for higher education for their children, according to data by Fidelity Investments. Parents with a 529 plan had a median of $30,000 set aside for college, while those saving without a plan had a median of just $10,000. The survey, the College Savings Indicator study, was designed to measure parents' college savings behaviors since the outset of the pandemic and ensuing lockdown. Take a look at some of the key takeaways from the summary. *Percentages do not add to exactly 100