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Striking a ‘Rich’ Balance Between Saving for Retirement and Their Children’s Education

Parents feel a responsibility to help their kids get through college without an enormous debt load. In a T. Rowe Price survey, 53% of the parents interviewed said they would rather raid their retirement savings than have their children take out loans to pay for college. Forty-nine percent said they were willing to delay retirement, if necessary, to pay their children’s tuition.

Hard Lessons in Education Funding

Toward the end of the 2007 fall semester, Erin Jackson went from tears of joy to tears of sorrow when she was forced to withdraw from Howard University, her dream school, after only one semester of studies.

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