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Preferred term

savings for college/education  

Definition

  • Savings for college and education refers to the accumulated funds families and students set aside for educational expenses and fees or future schooling. Family wealth, or total household assets minus what is owed (debt), greatly influences how families are able to save for education-related costs. [Source: Sociology of Education: An A-to-Z Guide; Savings for College/Education]

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https://concepts.sagepub.com/social-science/concept/savings_for_college_education

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