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Survey: Grandparents Often Help With Education Costs

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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.


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