This statistic presents reasons why parents in the United States did not regularly set aside money for their kids' college education in the United States as of January 2015. It was found that 66 percent of the respondents admitted that they couldn't afford to set aside money for their kids' college education.
Why don’t you regularly set aside money for your kids’ college education?
Characteristic
Share of respondents
I can't afford to
66%
I'm counting on scholarships to pay for college
27%
We will rely on student loans
19%
I plan to start saving for college later
16%
It's so overwhelming that I don't know where to start
12%
It is more important to save for other things
9%
Other family members will pay for college
5%
My parents didn't save for me, so I'm not going to save for my kids
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T. Rowe Price. (March 20, 2015). Why don’t you regularly set aside money for your kids’ college education? [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/368364/reasons-for-not-saving-for-college-among-parents-usa/
T. Rowe Price. "Why don’t you regularly set aside money for your kids’ college education?." Chart. March 20, 2015. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/368364/reasons-for-not-saving-for-college-among-parents-usa/
T. Rowe Price. (2015). Why don’t you regularly set aside money for your kids’ college education?. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/368364/reasons-for-not-saving-for-college-among-parents-usa/
T. Rowe Price. "Why Don’t You Regularly Set aside Money for Your Kids’ College Education?." Statista, Statista Inc., 20 Mar 2015, https://www.statista.com/statistics/368364/reasons-for-not-saving-for-college-among-parents-usa/
T. Rowe Price, Why don’t you regularly set aside money for your kids’ college education? Statista, https://www.statista.com/statistics/368364/reasons-for-not-saving-for-college-among-parents-usa/ (last visited December 21, 2024)
Why don’t you regularly set aside money for your kids’ college education? [Graph], T. Rowe Price, March 20, 2015. [Online]. Available: https://www.statista.com/statistics/368364/reasons-for-not-saving-for-college-among-parents-usa/
