Survey: Grandparents Often Help With Education Costs

June 19, 2006 at 09:20 AM
Share & Print

Many Americans hope to equip their grandchildren with significant amounts of intellectual capital.

About 55% of U.S. grandparents say they are helping to pay for their grandchildren's education, and 35% plan to provide a total of $50,000 or more over their lifetimes for the education of all of their grandchildren, according to results of a survey of 828 grandparents commissioned by the MetLife Mature Market Institute, Westport, Conn., an affiliate of MetLife Inc., New York.

Although 40% of grandparents say they plan to spend no significant amounts of money on their grandchildren's education and 22% expect to spend less than $2,000 per year, 15% expect to contribute at least $5,000 per year.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Related Stories

Resource Center