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Families in Massachusetts appear to be saving more aggressively for college, as the cost of a degree continues to rise along with the prospect of heavy education debts that could burden their children for many years.
Sixty-eight percent of families in the state say they have started saving for college, up from 59 percent in 2008, according to an annual college savings report by Fidelity Investments that will be released on Wednesday.
“We’re encouraged that we’re moving forward,” said Tom Graf, the executive director of the Massachusetts Educational Financing Authority, which partnered with the investment firm on the seventh annual survey.
In the Fidelity study, the percentage of parents worrying about hefty student loans has grown, from 65 percent in 2007 to 78 percent this year.