Not only do older parents have to worry about how they will get themselves through retirement, but they also have to figure out how to pay for their children's college educations.
A new survey from Sallie Mae found that while 75 percent of parents of this fall's incoming freshman class were excited to send their child to college, 30 percent were anxious, 28 percent said they were nervous and 20 percent said they were stressed.
For 60 percent of parents, the most difficult aspect of sending a child to college is figuring out how to pay the costs of college. Nearly half had a pay-as-you-go attitude, with 31 percent expressing some concerns but feeling sure they would figure something out. Only one-third said they were ready to pay for college this fall. One-fifth expressed concerns or misgivings.
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