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College Savings Down
October 2, 2008
In a poll of 3,000 U.S. households with college-age children, financial services firm Fidelity Investments found most parents expected to meet only 21 percent of the total cost of their children's college education, a three point decline from a similar survey last year. Among other financial pressures, respondents blamed declining home equity values and tighter credit conditions for preventing them from paying a larger share of tuition fees.
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