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In some places of the world,educationis not cheap.
Thats why many parents start saving up for their childs schooling way before they even apply for it.
And many people seemingly do.
Less than 18% of children under 18 years old have a529 plan.
More than two-thirds of Bachelors degree recipients graduate with student loan debt.
But, we dont really have a student loan debt problem, so much as a college completion problem.
Most students who graduate are able to repay their debt.
Among students in Bachelors degree programs, college dropouts are 95 times more likely to default.
They have the debt but not the degree that can help them repay the debt, Kantrowitz explained.
Because of the scholarship, the OPs college fund was not entirely empty after graduating.
According to them, it was just sitting there either way.
She could roll it over into a Roth IRA to get a head start on saving for retirement.
There are no age limits.
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