Half of the parents that OppenheimerFunds recently surveyed don’t believe that college is as affordable as it once was, and 43% have saved less than $5,000 for their children’s college education, and another 13% have saved nothing at all. Only 20% have save $20,000 or more.

Nonetheless, 56% think that scholarship money will pay a substantial portion of the child’s college education, which is not always the reality, according to OppenheimerFunds. In the 2008-09 school year, aid in the form of grants and tax benefits averaged $3,700 for in-state students and public four-year colleges, while the annual cost was $14,333. At a private university, it’s even more” $34,132.

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