06/05/2014 10:32 am ET Updated Jun 05, 2014

Most Grandparents Want To Help Fund Grandkids' College

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Most grandparents think it's important for them to help pay for their grandchildren's college education, a new survey shows.

About 72% feel that way, but only 37% say they're currently saving for their grandkids' college expenses. Grandparents who are already saving or planning to save say they're going to give a median of $25,000 to all their grandchildren; and 35% are planning to give $50,000 or more.

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