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...

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