Parents who are saving for their children's college education appear to be losing sleep over the same horrible scenario: Their child reaches college age and all that saving and investing of the past 18 years has been sucked away by declining markets.

Most parents, according to a survey released today by AEGON are gripped with anxiety about their children's post-high school education, fearing that tuition costs will continue to sky-rocket while markets tank. Fifty-seven percent said they worry that fluctuating markets will detract from college savings and 87% said tuition costs will be "astronomical" by the time their children reach college. Thirty-nine percent of the respondents said they will never be able to save enough for their children's education, according to the study, which was conducted by Yankelovich Partners/ Harris Interactive.

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