Source: T. Rowe Price

Did You Know

10 Dec Source: T. Rowe Price

Among parents who are saving for their kids’ college education, 45 percent are using a regular savings account to do so. Including multiple responses, 31 percent of parents are using a 529 account, designed to fund higher education, and 30 percent are using their own 401(k) accounts, which are meant to be retirement plans.