<br>
<br>
<p>I went through about a quarter of the original report (a good chunk of
it is basically an ad for the services of the sponsors of the report)
and couldn’t find an answer to a part of their analysis. It states
that a certain percentage of respondants were saving for college for
their kids. It also stated that a percentage of respondents were
saving for big-ticket items. Those are two separate populations.
Those respondants without kids wouldn’t be saving up for college for
their kids because they don’t have any.</p>
<p>I had a look at the methodology section and they do ask about children
under 17 and college intentions. Interestingly, the number of
respondents that expected to send their kids to college was 10% higher
than the previous survey.</p>
<p>I think that I’d want to see the base data on the original survey before
trying to draw conclusions. It appears to me that the Huffington Post
article jumped the gun on that one.</p>
<p>One other thing: we have a four-year tax credit worth $10K to parents
today. Back in 1997, there was the Hope Credit but it was only for
two years and the income limits were a lot lower than they are today.
That credit can go quite far where Community College courses are
inexpensive (like California).</p>