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How America Pays for College 2015

A snapshot of the national study by Sallie Mae® and Ipsos

Families spend more on college

Total spent on college:

$20,882 in 2014 vs. $24,164 in 2015


(the highest amount since 2010)


Amount from family income and savings:

$8,854 in 2014 vs. $10,365 in 2015


(the highest amount since 2010)

Fewer parents are extremely worried that:
(2014 vs. 2015)

Their student won't find a job after graduation


27%vs 13%


Income will decline due to job loss


23%vs 17%


Student loan rates will increase


27%vs 19%

Parent out-of-pocket spending exceeds scholarships and grants


Average percent of total cost paid from each source:

32% parent income and savings
11% student income and savings
16% student borrowing
6% parent borrowing
30% scholarships and grants
5% relatives and friends

Parent income and savings are the #1 source of funding, surpassing scholarships and grants for the first time since 2010

88% of families are willing to stretch financially to afford college

6 out of 10

families did not borrow money


Families who borrow are making responsible decisions


of families have filed a FAFSA
vs. 78% of non-borrowers



have claimed education tax credits
vs. 27% of non-borrowers



of students are working while attending school
vs. 68% of non-borrowers



of students are reducing personal spending
vs. 55% of non-borrowers



of families are making loan payments in school to cut costs


How America Pays for College Social Media Kit

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