John Hancock Research Shows Financial Gifts for College Education Popular and Necessary

* More than two thirds of parents and nearly one half of grandparents have given or plan to give contributions

* Nearly half of parents counting on help to pay for education

* Most feel giving needs no special occasion

Gifts of financial support for college education are popular among parents and grandparents, according to a national survey of 2,000 conducted by Synovate for John Hancock. More than two-thirds (66.9%) of parents, and nearly half (46.5%) of grandparents surveyed said they had or planned to give financial gifts to their(grand)children for their college education.

John Hancock Research Shows Financial Gifts for College Education Popular and Necessary
Source: Yahoo! Finance
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