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More High School Teens Save for College

NEW YORK (MainStreet) — Texas high school junior Alexis Weitzer, 17, is a typical teenager who, when she's not on the field playing softball, spends the afternoon working at a retirement home to save money for college.

"I was influenced by other kids' stories on how hard it once you get to college and if you don't plan ahead of time," said Weitzer, who attends high school in Grapevine, Texas. "I really don't want to have to worry about paying off student loans, especially once I exit college."

The 17-year-old senior is one of many teenagers in the U.S. who is more proactive about saving for higher education. More high school student are earning money for college than in previous years, influenced by growing awareness of the cost of a college education and the burden of student loan debt.

Over 53% of high school students already have a job to earn money for college compared to 46% of students in 2012, according to College Savings Foundation. Of that number, 29% of students are putting aside money into a 529 college savings plan.

Nearly half of the high school students in the survey had started saving and 77% of those students who had savings had reached $1,000.

"We have some of the raw numbers and appears we have more kids focused upon saving," said Mary Morris, chair of College Savings Foundation on the organization's findings on the uptick of high school students saving more for higher education.

High school students are taking traditional jobs such as a summer lifeguard or part-time positions to gain experience and save for college, 529 college savings experts say.

Read More:   paying for college
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