Kids expect parents to cover their college costs, but try as they might, parents might not be able to meet those expectations. That creates for a difficult and often tense situation, said Judith Ward, senior financial planner at T. Rowe Price. According to a recent T. Rowe Price study on "Parents, Kids and Money", 62% of kids agree with the statement, "I expect my parents to cover the cost of whatever college I want to go to." But parents may not be able to meet kids' expectations with only 35% of parents saying they will be able to cover at least most of college costs, including 12% of parents who indicated they will be able to pay the entire cost of college.
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