Saving for college in the United States

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Statista dossier on saving for college in the United States

This dossier presents a range of statistics and facts on saving for college in the United States. The cost of a college education in the United States is notoriously high and in order to meet the costs of education some families have to start saving from the birth of their child.

Table of contents

  • 1. Overview

    • College enrollment in public and private institutions in the U.S. 1965-2029

    • Personal savings in the U.S. 1960-2020

    • Reasons for saving money in the U.S. in 2017, by age

    • College payment - average amount in the United States, by income level, 2007-2020

    • Tuition and fees at public two-year colleges, by region U.S. 2020/21

    • Total Education tax savings for college students U.S. 1999-2020

  • 2. Demographics

    • Percentage of American parents saving for college education of their children 2018

    • Share of parents saving for college in U.S. 2007-2018

    • Share of parents saving in a college savings account in U.S. 2007-2018

    • Share of households saving for college in the U.S. 2019, by age of head of household

  • 3. Confidence in saving

    • Attitudes to college - parents opinions on higher education in the U.S., 2010-2017

    • American parents' confidence about covering college costs of their children 2020

    • Americans' confidence about covering college costs 2020, by race

    • American parents' confidence about covering college costs of children 2018, by age

  • 4. Savings behaviour

    • Average college savings of American families by savings vehicle U.S. 2018

    • Average amount of American college savings in 2018, by ethnicity and saving vehicles

    • Assets of section 529 savings plan in the U.S. 2001 to 2019

    • Planning actions to pay for college in the U.S. 2018

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