NEW YORK, July 29, 2013 /PRNewswire/ --School might be out for summer, but a new nationwide survey conducted for TheStreet's (NASDAQ: TST) MainStreet by GfK North America finds that one in three adults are currently helping or planning to help pay for a child's higher education, and that 71% of them are worried about how they will cover the cost.
The survey also shows that of those saving:
"MainStreet's new survey shows that those saving for their children's or grandchildren's college education are spooked, and who can blame them?" said Ross Kenneth Urken, TheStreet Personal Finance Editor and MainStreet Editor. "The real challenge is for these people to figure how to face the increasing severity of the student debt crisis by either saving more or finding less expensive options when it comes time to pick a school."
For those worried about the financial burden of higher education, MainStreet offers the following outside-the-box savings options to avoid getting saddled with debt:
The full story from MainStreet is available online.
About the Survey
Results contained in this report are based on a Roper poll by GfK North America. Telephone interviews were conducted from July 12-15, 2013 among a total of 1,004 adult Americans. The margin of error for this study is +/- 3 percentage points for the total sample.
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1 Roper poll by GfK North America, July 2013
SOURCE TheStreet, Inc.