Saving for college in the United States

Statistics report on saving for college in the United States

Saving for college in the United States

This report 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 households start saving from the birth of their child  in order to meet the costs of college education.

Table of contents

Overview

7
  • Basic Statistic Personal savings in the U.S. 1960-2023
  • Basic Statistic Reasons why families saved in the U.S. 2010-2022
  • Basic Statistic College enrollment in public and private institutions in the U.S. 1965-2031
  • Basic Statistic Average undergraduate budgets U.S. 2023/24, by expense and institution type
  • Premium Statistic College payment - average amount in the United States, by income level, 2007-2023
  • Basic Statistic Tuition and fees at public two-year colleges U.S. 2022/23, by region
  • Basic Statistic Total Education tax savings for college students U.S. 2002-2023

Savings behavior

5
  • Premium Statistic College savings behaviors in the U.S. 2020
  • Premium Statistic Attitudes towards college savings in the U.S. 2022
  • Premium Statistic Households discussing savings for college in the U.S. 2022
  • Premium Statistic Financial products used for college savings in the U.S. 2021
  • Premium Statistic Coronavirus impact on college savings in the U.S. 2020

Demographics

5
  • Premium Statistic Share of parents saving for college in U.S. 2007-2020
  • Premium Statistic Share of parents saving in a college savings account in U.S. 2007-2020
  • Premium Statistic Households saving for college in the U.S. 2020-2022, by age of household head
  • Premium Statistic Households saving for college in the U.S. 2022, by education level
  • Premium Statistic Households saving for college in the U.S. 2020-2022, by household income

529 savings plans

5
  • Basic Statistic Assets of section 529 savings plan in the U.S. 2009-2022
  • Basic Statistic Number of section 529 college savings plans in the U.S. 2009-2022
  • Premium Statistic Assets of section 529 college savings plans in the U.S. 2023, by state
  • Premium Statistic 529 college savings average account balance in the U.S. 2016-2022
  • Premium Statistic 529 savings account average balance in the U.S. 2020-2021, by age

Confidence in saving

3
  • Premium Statistic Confidence about covering college costs in the U.S. 2023
  • Premium Statistic Confidence about covering college costs in the U.S. 2023, by race
  • Premium Statistic Confidence about covering college costs 2023 in the U.S., by income

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