Many parents of high school students unprepared for true cost of college tuition

With hundreds of thousands of people still burdened with student loan debt, we found that many parents aren't ready for the cost of sending their kids to college.

And with most fall terms having already started and with The US Board of Education announcing it's final extension of the student loan repayment freeze, through January 31st of 2022, there's no better time to learn about the true financial burden of student debt.

Rita Assaf, Vice President of Retirement and College Leadership with Fidelity Investments, says many students - and their parents - don't really know the true price tag of college.

"About 25 percent of parents and a third of high school students say they think a year of college will cost them five thousand dollars or less. That's below the national average, and just to put it in context, one year of in-state college costs about $26,000," Assaf said.



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[victorchozen]

Let the kids pay for their own college. Solved.