Recession Making College Tuition Tougher to Pay For

by KYW's Michelle Durham

More then one million families across the country who have reportedly invested into state college funds may find those accounts may not completely cover all the college related costs parents expects.

Temple University bursar David Glezerman:

"There are concerns with these pre-payment funds that there may not be sufficient funds right now. It really depends on how soon families are going to need to use these funds."

He says the market dive as a result of the recession is a key reason why. What can parents do? He recommends parents start saving as early as possible:

"It's also important -- especially if you're close to having a child go to school -- to look at financial aid options. You can get that information by talking to a financial aid officer at your school and also if you have a financial aid adviser, discuss strategies with them on how and when to use this money."

Glezerman says the task of paying for college can be scary, but it's not impossible. He says the most important thing parents can do is ask questions.