Skip to main content
Tags: south | florida | families | college

South Fla. Families Expect Kids to Pay for College

By    |   Wednesday, 24 July 2013 01:53 PM EDT

Affluent families in South Florida are expecting their children to pay for many of their own college expenses, a new survey reveals.

According to the Sun-Sentinel, the survey found that parents in Broward, Palm Beach, and Miami-Dade counties are counting on their children to pay many college expenses. Even children of affluent South Florida families may have to work their way through college.

A recent survey by investment group Merrill Edge, a division of Bank of America, reveals 49 percent of South Floridians have saved $30,000 or less for their child’s college costs. And 29 percent say they expect those costs to be funded by student loans. Another 18 percent plan to turn to state or federal financial aid.

The survey, reported by the Sun-Sentinel, polled South Florida parents with $50,000 to $250,000 in investable assets.


© 2024 Newsmax. All rights reserved.


US
Affluent families in South Florida are expecting their children to pay for many of their own college expenses, a new survey reveals.
south,florida,families,college
137
2013-53-24
Wednesday, 24 July 2013 01:53 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved