This study investigates determinants of having saving for childrenýs education as a goal. Based on 1992 Survey of Consumer Finance data, 28% of the households with children under 18 have saving for childrenýs education as a goal. More educated parents are more likely to have college saving as a goalthan otherwise similar less educated parents. Asian and Hispanic parents were more likely to have college saving as a goal than similar White non-Hispanic parents. Parents with a retirement account were more likely to have college saving as a goal, but no other financial variables were significant. Key Words: College saving, Saving, Financial planning, Survey of Consumer Finances

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