5 College Savings Obstacles Families Have Faced -- and How to Avoid Them
In case you didn't get the memo, the student debt crisis is mounting, and Americans now owe over $1.5 trillion in outstanding loans. Part of the problem boils down to a lack of savings on the part of students and their families.
Of course, saving money for college is easier said than done. In fact, Fidelity recently conducted a study that identified the following obstacles families faced in the course of socking away funds for education purposes.
A good 29% of families included in Fidelity's study cited limited earnings as an obstacle to saving. And it's a valid point: Low and middle earners often struggle to make ends meet, let alone set aside money for college.
Source Fool.com
