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.