Why it Matters

"Parents say college is their #1 savings priority, yet families are only on track to cover 27% of anticipated college costs, down from 33% in 2020."

Source: Fidelity Investments 2022 College Savings Indicator

Average Student Loan Debt in the United States

$29k

Owed per borrower on average

55%

Of students from public four-year institutions had student loans

57%

Of students from private nonprofit four-year institutions took on education debt

$1.75

Trillion in total student loan debt (including federal and private loans)

Source: Forbes Advisor

"Regardless of how you save for college, do it. Saving for college ensures that a legacy of debt is not passed down your family tree."

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