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Parents Sacrifice Major Purchases for Rising College Costs

12/9/2025

31 4 Full Breakdown

Summary

Story summary

A Citizens Bank survey shows 66% of parents cut back on major purchases to fund their children's college education.
60% expect to delay retirement.
Tuition at four-year public universities rose more than 36% from 2010 to 2023, averaging nearly $40,000 annually.
Financial advisors recommend starting 529 plans early, pursuing merit aid, and discussing total costs, including room and board, to minimize debt.

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Story summary

A Citizens Bank survey shows 66% of parents cut back on major purchases to fund their children's college education.
60% expect to delay retirement.
Tuition at four-year public universities rose more than 36% from 2010 to 2023, averaging nearly $40,000 annually.
Financial advisors recommend starting 529 plans early, pursuing merit aid, and discussing total costs, including room and board, to minimize debt.