Education or retirement

Posted on July 17th, 2007 – 6:43 PM
By Kara McGuire

A new survey by Country Insurance and Financial Services found 43 percent of the 3,000 parents surveyed believe saving for retirement is more important than saving for college. An equal number believe socking away towards college credits is the priority.

About six in 10 parents plan to take responsibility for the bulk of college costs. I have to say I’m on the fence about this. While I certainly don’t want my kids to start out with loads of debt, I think I took my education for granted because I did not understand or appreciate the cost.

Should students pay part of their way? Or is paying for college a parent’s duty?

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