Time expected by parents to pay off child's university debt, selected countries 2015

This statistic shows the average amount of time parents in various countries believed it would take for the debt accrued from their child's university education to be repaid, as of April 2015. The country in which the average expected time for parental debt to be repaid was the highest was China, where 9.8 years was the expected average. For debts accrued by the child themselves, the longest average time parents expected it to take for repayment to occur was the United Kingdom, with an average of 12.4 years.

Average time parents expect it will take for the debt from their child's university education to be paid off in selected countries in 2015

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Source

Release date

July 2015

Region

Worldwide

Survey time period

March and April 2015

Number of respondents

5,550 parents

Supplementary notes

Figures are based on those collected from Ipsos MORI for HSBC.

Interviews were conducted in Australia, Brazil, Canada, China, France, Hong Kong, India, Indonesia, Malaysia, Mexico, Singapore, Taiwan, Turkey, the United Arab Emirates, the UK and the US.

Money borrowed by parents refers to the debt taken on for the university studies of their child and does not refer to any university related debts they may hold from their own education.

Not data was available for the debt taken on by children in France and Turkey and therefore they are not shown.

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Statistics on "Higher education in the United Kingdom (UK)"

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