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More Parents Use Retirement Accounts to Pay for College
U.S. News & World Report Link to more items from this source
Sept. 2, 2014
"[A recent] survey of 1,601 college students and parents of undergraduate students found that 7 percent of families took a withdrawal from a retirement account to help cover college costs in 2014, up from 5 percent in 2013. The average retirement account distribution also grew from $2,710 in 2013 to $8,870 in 2014. And 1 percent of families took retirement account loans to pay for college, with loans averaging $5,062 in 2014, up from $3,952 in 2013."

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