Almost half of parents raid their kids' college savings accounts
45% half of parents raid their kids' college saving
Nearly half of parents with college savings for their children have
withdrawn some of the balance in the past two years, according to new data
from T. Rowe Price, which surveyed 1,086 parents with children ages 8
to 14. Of the 282 who had taken money from their child's college
savings, just 18 percent used at least some of the funds to pay for their kids' education — and only 3 percent used the money solely for education.