New Study Shows Grandparents Plan to Help Finance Their Grandchildren's College Education, But Few Have Coordinated Plans with Their Children

Banks are cutting student loans and financial aid packages are dwindling as the nation’s freshman class reaches an all-time high. This back-to-school season, there is good news for parents, according to a new 2008 study from The Hartford Financial Services Group, Inc. In a survey of grandparents, The Hartford found that 65 percent of grandparents plan to contribute financially to their grandchildren’s college education, but less than one third of all survey participants have coordinated college savings for their grandchildren with their adult children. Grandparents are ready, willing and able to help; parents just have to ask the question.

New Study Shows Grandparents Plan to Help Finance Their Grandchildren's College Education, But Few Have Coordinated Plans with Their Children
Source: Business Wire