Parents Save More for Sons’ College Education


September 26, 2017 9:39 AM
by Susan Dutca
Parents of boys are more likely to pay the entire cost of college than those who have girls, according to a 
new study from T. Rowe Price. They are also more willing to prioritize saving for their sons' college over their own retirement.

Parents of boys are more likely to pay the entire cost of college than those who have girls, according to a new study from T. Rowe Price. They are also more willing to prioritize saving for their sons' college over their own retirement.

According to the study which surveyed about 1,000 families, parents tend to provide more financial support for their sons - 50 percent have money saved for their boys' college versus the 39 percent of parents who pay for their daughters' college education. Families with children of multiple genders were not measured in this study. Parents of boys are also more likely to pay the entire cost of college than those with girls (17 percent compared to 8 percent); they are also "less likely to consider sending their male children to a less expensive college to avoid taking on loans" and are "willing to prioritize saving for their boys' college tab over their own retirement." Parents of boys are also more willing to take on debts of up to $75,000 to pay for their sons' college (23 percent) compared to the 12 percent of parents who would do the same for their daughters. Some financial advisors advise parents to "keep things in perspective and save for retirement" since "you can't borrow for retirement like you can for college."

To some, this data "suggests there are some antiquated viewpoints on gender out there." Senior Financial Planner Roger Young suggests parents "take a hard look at your level of financial commitment and make sure you're not shortchanging your girls."

Going to college doesn't have to break the bank, for girls or boys. With scholarships for men and scholarships for women, students of both genders can help saddle the cost of college without taking out tons of student loans or accruing burdensome student loan debt.

College is expensive, Scholarships.com is completely free. Pay for your college education with as much free college scholarship money as possible. By applying to all the awards you qualify for, you can be sure to not miss a single opportunity in paying for your college expenses - including tuition, fees, room and board. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 

    'Oh what fun it is to win scholarships to help pay for college! We've curated a selection of the best scholarships to apply for before the year is over. (Considering the 3.7 million scholarships we have, it was no easy task). Check out this list of 2017 scholarships and get a jump start on your financial aid package for next year by winning scholarships for college. :

End of the Year 2017 Scholarships

December 13, 2017 2:40 PM
by Susan Dutca
'Oh what fun it is to win scholarships to help pay for college! We've curated a selection of the best scholarships to apply for before the year is over. (Considering the 3.7 million
Photo by Rebecca Lurye/Hartford Courant
Midway through his It's OK to be White speech at the University of Connecticut, Conservative commentator Lucian Wintrich was arrested and charged with attempted larceny and disorderly conduct after he grabbed a woman who had swiped his notes off his lectern. The charges have since been dropped and in a reversal, the woman was arrested and charged with attempted larceny and disorderly conduct.

"It's OK to Be White" Protestor Turns Herself In

December 12, 2017 1:12 PM
by Susan Dutca
Photo by Rebecca Lurye/Hartford Courant Midway through his "It's OK to be White" speech at the University of Connecticut, Conservative commentator Lucian Wintrich was arrested and charged with
Pop-punk band Diet Cig has canceled its scheduled appearance at Messiah College due to the college's really serious anti-LGBT policies. The band has stated they have no desire to support or benefit from an institution that discriminates against LGBT students/faculty/staff.

Band to Messiah College: “No Gay? No Play”

November 28, 2017 11:00 AM
by Susan Dutca
Pop-punk band Diet Cig has canceled its scheduled appearance at Messiah College due to the college's "really serious anti-LGBT policies." The band has stated they have "no desire to support or
It's okay to be white signs were scattered on college campuses across the country, as well as in Canada over the past week. Reportedly, the signs were first suggested on an online chat forum called 4chan, calling on people to place posters in their area on Halloween night. At Harvard Law School, at least 20 handmade stickers with the message It's ok to be white were posted on light poles and electrical boxes. Harvard Law's Dean of Students Marcia Sells condemned the posters, stating the posters and stickers are intended to divide us from one another and that HLS will not let that happen here. The Department of Public Works removed the stickers shortly thereafter. Even after they had been removed, the message continued to circulate via social media through hashtags and videos, gaining both condemnation and support.

"OK to Be White" Signs a "Sign of the Times"?

November 7, 2017 11:47 AM
by Susan Dutca
"It's okay to be white" signs were scattered on college campuses across the country, as well as in Canada over the past week. Reportedly, the signs were first suggested on an online chat forum called
Halloween Day hadn't even officially arrived and college students (and even faculty) sparked outrage over their offensive and racially derogatory costumes. One of the images that went viral over the weekend was that of a police officer from the University of Nevada at Reno, who was dressed as former Quarterback Colin Kaepernick - allegedly in blackface and wearing a sign that read Will Stand for Food.

Colleges Investigating Offensive Halloween Costumes

October 31, 2017 11:09 AM
by Susan Dutca
Halloween Day hadn't even officially arrived and college students (and even faculty) sparked outrage over their offensive and "racially derogatory" costumes. One of the images that went viral over