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Survey: Quarter of Parents Eye Two-Year Colleges to Save Money

In its 8th annual State of College Savings survey of parents, the Washington, D.C.-based College Savings Foundation found almost three quarters said increased awareness of rising student loan debt has caused them to look at different strategies for funding their children’s higher education.

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“Of respondents, 26 percent said the most important cost-reduction strategy was starting at a two-year college, with almost as many saying that living locally to save on room and board was a key strategy.”