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College payment - how typical U.S. families pay for college, by contribution 2020

Published by Erin Duffin, Aug 3, 2020
This statistic shows how the typical family paid for college for the academic year of 2019-20, by percent of total typical contribution made from each source. During this period, grants and scholarships made up 25 percent of the total payments of college attendance in the United States, whereas contributions from relatives and friends made up only one percent.

How the typical family in the United States pays for college in 2020, by percent of total typical contribution made from each source

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Sources

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Release date

July 2020

Region

United States

Survey time period

March 30 to April 27, 2020

Number of respondents

2,000 respondents

Special properties

dependent undergraduate students and parents

Method of interview

Telephone interview

Supplementary notes

Sample size was 2,000 participants: 1,000 parents of 18 to 24-year-old undergraduate students, and 1,000 18 to 24-year-old undergraduate students.

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Funding university in the U.S.College & UniversityPersonal savings in the U.S.The cost of college in the United StatesSaving for college in the U.S.
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