Coronavirus impact on college savings in the U.S. 2020

Published by
Fernando de Querol Cumbrera,
Jun 15, 2022
According to a survey conducted in 2020 in the United States, 71 percent of respondents expressed concern about the impact of the coronavirus (COVID-19) impact on their families' savings for college education. Also, 77 percent of respondents said that they will increase or maintain their savings, whereas nine percent admitted they will decrease their contributions to college savings.

Impact of coronavirus (COVID-19) on savings for college in the United States in 2020

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Sources

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Release date

September 2020

Region

United States

Survey time period

June 5 to July 2, 2020

Number of respondents

1,790 respondents

Special properties

families with children 18 years old and younger who are expected to attend college and with household incomes of at least 30,000 U.S. dollars

Supplementary notes

The source does not specify the type of survey conducted.

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Statistics on " Saving for college in the United States "

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Overview

7

Savings behavior

5

Demographics

5

529 savings plans

5

Confidence in saving

3

Further related statistics

18

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Statistics

Topics

Saving for college in the U.S.College & UniversityUnemployment in the U.S.Personal debt in the U.S.Funding college and university in the U.S.
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