The Wedge Group  Are You Worried About Paying For Your Child’s College? 

There is a new nationwide survey that was conducted for TheStreet's (NASDAQ: TST) MainStreet by GfK North America, that finds that one in 3 adults are currently helping or plan to help pay for a child’s higher education.  The survey found that 71% of them are worried about how they are going to cover the cost.

This survey also showed that of those saving:

• 79% are parents
• 10% are grandparents
• 4% are aunts/uncles
• 53% are using a savings account
• 31% are using some type of investments
• 24% are using a 529 savings plan or prepaid tuition plan
• 14% are using life insurance
• 11% are using a Roth IRA

Here are some tips for those worried about the financial burden they may face with having to pay for higher education:

1. Think In-state
2. Go to a public institution or start with a 2-year school
3. Go over the border
4. Go with an MOOC (a massive online open course)
5. Get crafty

For detailed information about the survey or the above 5 steps please visit: insurancenewsnet.com