Borrowing from family and friends for college costs U.S. 2021, by income
In 2021, less than 20 percent of undergraduate students and their parents borrowed money from family and friends to cover college education costs in the United States. While 18 percent of respondents with an income of with less than 35,000 U.S. dollars borrowed money from family and friends, that figure drops to eight percent for those with an income of at least 100,000 U.S. dollars.
