• SOURCE: Prosek Partners

How Families Can Save for College Tuition

ID

384367

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Audio Package, .mp3
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ANCHOR LEAD: Everyone seems to think the trillion-dollar debt students have racked up is a problem – everyone, that is, but teens and their parents. Brian Osuch has the details. (:60) SCRIPT: Newsbreak, I'm Brian Osuch. According to the recent Teen College Savings survey, student debt ranked low on the list of college worries for both teens and parents. Nancy Farmer, president of Private College 529 Plan. CUT: (Farmer) Our survey found that less than 25% of teenagers worry about taking on too much debt to pay for college. Among parents of 13 to 17 year olds, just 13 percent feared their children would borrow too much and only six percent worried that they, the parents, would. SCRIPT: With the cost of college tuition continually increasing, Farmer says families can best help themselves by creating a college savings strategy. CUT: (Farmer) Private College 529 Plan is the only pre-paid tuition plan sponsored by private colleges. It allows families to potentially save thousands of dollars by paying today's prices for tomorrow's education. SCRIPT: Almost nine in ten parents say they are saving for their children's education, but only about a third are using tax-advantaged 529 plans. For more information, log onto tomorrowstuitiontoday-dot-org. That's Newsbreak from Private College 529 Plan.
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