Updated Tuesday, September 1, 2015 as of 6:18 PM ET

Affluent Parents Need More College Planning

Legg Mason's 2012 Intergenerational Survey of College Finances points out a lack of advanced planning among affluent Americans for their children's college education. The study looked at college funding and planning among three groups of parents with investable assets of $250,000 or more: those with children who have already graduated, those with children currently enrolled, and those who are planning to send their children to college.

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