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Share of families borrowing money from family and friends to cover college education costs the United States in 2021, by income

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Sources

Release date

July 2021

Region

United States

Survey time period

April 8 to May 4, 2021

Number of respondents

1,858*

Special properties

Parents of/undergraduate students

Method of interview

Online survey

Supplementary notes

* Sample:
355 with an income of less than 35,000 U.S. dollars
854 with income between 35,000 and 100,000 U.S. dollars
649 with income of 100,000 U.S. dollars and higher.

Citation formats

Borrowing from family and friends for college costs U.S. 2021, by income

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 25, 2022
In 2021, less than ** percent of undergraduate students and their parents borrowed money from family and friends to cover college education costs in the United States. While ** percent of respondents with an income of with less than * U.S. dollars borrowed money from family and friends, that figure drops to percent for those with an income of at least 100,000 U.S. dollars.
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