Legg Mason, Inc. released findings today from their 2012 Intergenerational Survey of College Finances highlighting that among mass affluent and affluent families, 72% believe that children should pay a portion of their college expenses. Over 1,000 parents with $250,000 or more in investable assets were surveyed to identify financial planning behaviors and expectations when it came to college funding. A majority thought their kids should contribute a small portion of the total, while close to one-third thought they should contribute up to half. Only 7% thought children should contribute most of it and 2% believed children should be responsible for the full amount.
http://www.marketwatch.com/story/legg-mason-intergenerational-survey-on-college-finances-shows-72-of-parents-believe-children-should-pay-a-portion-of-their-own-college-expenses-2012-05-30
