Will We Ever Retire?: The College Crunch

Robert and Kyuja Kafka never thought they would need a scholarship for their son Gene, who is enrolled to start college in September. The Kafkas had saved diligently through a tax-favored college fund. But along with their retirement kitty, the Kafkas' college savings are dwindling. It's an urgent problem that many families with college-age children now face: while retirement is still some years away, college, which they thought they had prepared for, is suddenly a crisis. Some parents are postponing their children's education; others are bypassing private schools in favor of good old State U.

For the Kafkas, it's a mad...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!