Moms' Biggest Financial Worry - Saving For College

Thursday, April 23rd 2015, 6:45 am
By: News On 6

Experts says expectant parents should start saving for college now. That's the financial advice that mothers of teenagers say they wish they had been given while pregnant.

For pregnant women, the cost of health care and making a financial check list topped their baby-related money concerns, according to the results of a survey released Wednesday by NerdWallet.

NerdWallet polled more than 600 pregnant women and 600 mothers with teenagers to gauge the biggest financial fears of those expecting against the experience of their more seasoned counterparts, with nearly 44 percent of moms with teens saying they wish they'd been told to immediately start storing cash for college.

That worry makes sense. During the last decade, the average published tuition and fees at public, four-year schools rose 42 percent, adjusted for inflation, according to the College Board.

College Board - College Pricing Info