Why don’t you regularly set aside money for your kids’ college education?

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Share of respondents
I can't afford to 66%
I'm counting on scholarships to pay for college 27%
We will rely on student loans 19%
I plan to start saving for college later 16%
It's so overwhelming that I don't know where to start12%
It is more important to save for other things 9%
Other family members will pay for college 5%
My parents didn't save for me, so I'm not going to save for my kids 5%
My kids are not going to go to college 4%
I already have enough saved to pay for college 4%

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Description Source More information
This statistic presents reasons why parents in the United States did not regularly set aside money for their kids' college education in the United States as of January 2015. It was found that 66 percent of the respondents admitted that they couldn't afford to set aside money for their kids' college education.
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Release date
March 2015
United States
Survey time period
January 20 to January 27, 2015
Number of respondents
469 respondents
Special properties
among parents that do not save for college
Method of interview
Online survey
Supplementary notes
Multiple answers were possible.

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