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The Boston Globe

Business

Families misjudge college savings, study finds

Parents and students have unrealistic expectations about what college will cost— and what graduates will make

Parents saving for their children’s college expenses may be in need of a reality check.

While Massachusetts families expect to pay most of their children’s college costs, the typical family comes up well short of they money they need by the time college rolls around. To make matters worse, most parents also have wildly unrealistic ideas of what their graduates will earn after college, especially those who nudge their children toward a particular major in hopes of a big paycheck that can help work off school debts.

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