Total Education tax savings for college students U.S. 2001-2022

Published by Statista Research Department, Jun 2, 2023
In the 2021/22 academic year, it is estimated the total amount of education tax savings was 10.83 billion 2021 U.S. dollars. This is a decrease from the 24.3 billion 2021 U.S. dollars in education tax savings in the 2011/2012 academic year.

Total Education tax savings for college students and their parents across the United States from 2001/2002 to 2021/2022 (in billion 2021 U.S. dollars)

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Release date

October 2022

Region

United States

Survey time period

2001/2002 to 2021/2022

Supplementary notes

* Preliminary value.

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Savings behavior

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529 savings plans

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Confidence in saving

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