In the 2022-2023 school year, families in the United States used around 8,149 U.S. dollars from grants and scholarships to students to pay for college. Additionally, parent income and savings contributed another 11,147 U.S. dollars to college costs.
Average amounts paid by the typical family for college in the United States, year-over-year, between 2011 and 2023, by contribution source
(in U.S. dollars)
Year
Grants and scholarships
Relatives and friends
Student income and savings
Parent income and savings
Parent borrowing
Student borrowing
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Sample size was 2,000 individuals per survey: about 1,000 parents of 18 to 24-year-old undergraduate students, and about 1,000 18 to 24-year-old undergraduate students.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Sallie Mae. (July 20, 2023). Average amounts paid by the typical family for college in the United States, year-over-year, between 2011 and 2023, by contribution source (in U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/259202/average-amount-paid-for-college-year-over-year-between-2008-and-2012/
Sallie Mae. "Average amounts paid by the typical family for college in the United States, year-over-year, between 2011 and 2023, by contribution source (in U.S. dollars)." Chart. July 20, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/259202/average-amount-paid-for-college-year-over-year-between-2008-and-2012/
Sallie Mae. (2023). Average amounts paid by the typical family for college in the United States, year-over-year, between 2011 and 2023, by contribution source (in U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/259202/average-amount-paid-for-college-year-over-year-between-2008-and-2012/
Sallie Mae. "Average Amounts Paid by The Typical Family for College in The United States, Year-over-year, between 2011 and 2023, by Contribution Source (in U.S. Dollars)." Statista, Statista Inc., 20 Jul 2023, https://www.statista.com/statistics/259202/average-amount-paid-for-college-year-over-year-between-2008-and-2012/
Sallie Mae, Average amounts paid by the typical family for college in the United States, year-over-year, between 2011 and 2023, by contribution source (in U.S. dollars) Statista, https://www.statista.com/statistics/259202/average-amount-paid-for-college-year-over-year-between-2008-and-2012/ (last visited September 01, 2024)
Average amounts paid by the typical family for college in the United States, year-over-year, between 2011 and 2023, by contribution source (in U.S. dollars) [Graph], Sallie Mae, July 20, 2023. [Online]. Available: https://www.statista.com/statistics/259202/average-amount-paid-for-college-year-over-year-between-2008-and-2012/