Parents determined that their children get a college education are digging deeper and paying more as student loans become less popular. But when parents tap retirement accounts to help their kids wear a cap and gown, they may not realize all the costs involved.
That's according to new research from Sallie Mae and Ipsos, which found that 7 percent of families have helped cover college costs by taking dollars from retirement accounts this year, an increase from 5 percent last year.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.