This statistic shows the average amount of time parents in various countries believed it would take for the debt accrued from their child's university education to be repaid, as of April 2015. The country in which the average expected time for parental debt to be repaid was the highest was China, where 9.8 years was the expected average. For debts accrued by the child themselves, the longest average time parents expected it to take for repayment to occur was the United Kingdom, with an average of 12.4 years.
Average time parents expect it will take for the debt from their child's university education to be paid off in selected countries in 2015
Figures are based on those collected from Ipsos MORI for HSBC.
Interviews were conducted in Australia, Brazil, Canada, China, France, Hong Kong, India, Indonesia, Malaysia, Mexico, Singapore, Taiwan, Turkey, the United Arab Emirates, the UK and the US.
Money borrowed by parents refers to the debt taken on for the university studies of their child and does not refer to any university related debts they may hold from their own education.
Not data was available for the debt taken on by children in France and Turkey and therefore they are not shown.
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HSBC. (July 15, 2015). Average time parents expect it will take for the debt from their child's university education to be paid off in selected countries in 2015 [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/524110/parents-children-university-debt-expected-time-payoff/
HSBC. "Average time parents expect it will take for the debt from their child's university education to be paid off in selected countries in 2015 ." Chart. July 15, 2015. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/524110/parents-children-university-debt-expected-time-payoff/
HSBC. (2015). Average time parents expect it will take for the debt from their child's university education to be paid off in selected countries in 2015 . Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/524110/parents-children-university-debt-expected-time-payoff/
HSBC. "Average Time Parents Expect It Will Take for The Debt from Their Child's University Education to Be Paid off in Selected Countries in 2015 ." Statista, Statista Inc., 15 Jul 2015, https://www.statista.com/statistics/524110/parents-children-university-debt-expected-time-payoff/
HSBC, Average time parents expect it will take for the debt from their child's university education to be paid off in selected countries in 2015 Statista, https://www.statista.com/statistics/524110/parents-children-university-debt-expected-time-payoff/ (last visited July 23, 2024)
Average time parents expect it will take for the debt from their child's university education to be paid off in selected countries in 2015 [Graph], HSBC, July 15, 2015. [Online]. Available: https://www.statista.com/statistics/524110/parents-children-university-debt-expected-time-payoff/
