The majority of college students say they’re ready to get back to campus
The majority (61%) of college families believe COVID-19 will not have a long-term impact on their student’s education; 7% have decided to take time off or enroll in a different school.
The proportion of families who have a plan to pay for college is at an all-time high
have a plan in academic year 2019-20
That’s the highest percentage of planners in the 13 years of our study
44% had a plan in 2018-19
The vast majority of families (91%) agree higher education is an investment in the student’s future
believe college is part of the American Dream (up from 74% in academic year 2018-19)
believe the student will earn more money with a college degree
When it comes to paying for college, parents foot the lion’s share of the bill
Families spent an average of
on college in academic year 2019-20
More than one-third (37%) of families used a college savings account like a 529—up from 21% in AY 2018-19
Share of college costs paid by from each funding source
Scholarships and grants
of families used scholarships, making it the second biggest source of funding
used grants
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