I know alot of us are one day going to be faced with paying for college at the same time we're getting ready to retire. It's a financial double-whammy that makes lots of us nervous. And it probably should. A new report by AllianceBernstein Investments Inc., an asset-management firm in New York, found that parents don't adequately prepare for their children's college expenses and are overly confident in their abilities to turn talents into scholarships.
The report is titled:
WHY CAN'T JOHNNY AFFORD COLLEGE?
BECAUSE HIS PARENTS SPEND UNWISELY, DEPEND ON DEBT,
AND HAVE UNREALISTIC EXPECTATIONS FOR FINANCIAL AID
Ouch!
Thursday, October 19, 2006
Is your kid really special enough to get that scholarship?
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