College-Bound Teens Face Budget Squeeze; Many Alter Education Plans

As incoming college freshmen prepare to turn in their acceptance letters on May 1, many families are scrambling to figure out how to fund their teens' education. Nearly two-thirds (63 percent) of teens surveyed indicated they had changed their college plans because of the economy, up from 55 percent last year. This is among the key findings of the 2010 Junior Achievement/Allstate Foundation "Teens and Personal Finance" Survey, now in its eleventh year of gauging teen attitudes and behaviors in money matters.