In the time between 2023 and 2024, low-income families paid 28,985 U.S. dollars on average for college, whereas high-income families paid 29,187 U.S. dollars during this time. On average, families in the United States paid 28,409 U.S. dollars for college.
Average amount paid for college in the United States, year-over-year, between 2007 and 2024, by income level
(in U.S. dollars)
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Average amount paid for college in the United States, year-over-year, between 2007 and 2024, by income level
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*According to the 2022 report, low-income were defined as those with an annual household income of less than $50,000, middle-income with an annual income from $50,000 to less than $100,000, and high-income with an annual income of $100,000 to $150,000.
Data for 2007 to 2022 has been retrieved from previous publications. Before 2022, the source defined low-income as less than $35,000, middle-income as an annual income from $35,000 to less than $100,000, and high-income with an annual income of $100,000 or more.
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Sallie Mae. (August 9, 2024). Average amount paid for college in the United States, year-over-year, between 2007 and 2024, by income level (in U.S. dollars) [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
Sallie Mae. "Average amount paid for college in the United States, year-over-year, between 2007 and 2024, by income level (in U.S. dollars)." Chart. August 9, 2024. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
Sallie Mae. (2024). Average amount paid for college in the United States, year-over-year, between 2007 and 2024, by income level (in U.S. dollars). Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
Sallie Mae. "Average Amount Paid for College in The United States, Year-over-year, between 2007 and 2024, by Income Level (in U.S. Dollars)." Statista, Statista Inc., 9 Aug 2024, https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
Sallie Mae, Average amount paid for college in the United States, year-over-year, between 2007 and 2024, by income level (in U.S. dollars) Statista, https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/ (last visited January 04, 2025)
Average amount paid for college in the United States, year-over-year, between 2007 and 2024, by income level (in U.S. dollars) [Graph], Sallie Mae, August 9, 2024. [Online]. Available: https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
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