Today, Fidelity Investments released what it is calling the first industry guidelines for how much parents should save in a 529 college savings plan. It's offering up both annual and monthly suggestions based on income, assuming the family doesn't want to take out any loans.
The company, which wants people to save in the 529 accounts that it offers up, of course, released the guidelines in conjunction with the results of its fourth annual College Savings Indicator study. The study showed that parents are projected to meet a smaller percentage of college costs than in the past.
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