In a recent Twitter poll run by USA TODAY on behalf of College Ave Student Loans, 42% of participants said their largest source of college financing would come from family income and savings.
At face value, this isn’t bad news. Maybe families are saving, the poll suggests, with “family income and savings” reigning over “student loans” (33%), “scholarships and grants” (21%), or “credit cards and other loans” (4%).
Sugar Land Financial Planner, Derrick Kinney tells KTRH, "Many families underestimate how much it actually costs to send the kids to college. So, sit down with a financial adviser and crunch the numbers, sooner than later."