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Saving for college in the United States

Statistics report on saving for college in the United States

This report presents a range of statistics and facts on saving for college in the United States. The cost of a college education in the United States is notoriously high and households start saving from the birth of their child  in order to meet the costs of college education.

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Table of contents

Overview

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  • Basic Statistic Personal savings in the U.S. 1960-2025
  • Basic Statistic Reasons why families saved in the U.S. 2010-2022
  • Premium Statistic University enrollment in public and private institutions in the U.S. 1965-2031
  • Basic Statistic Average undergraduate costs in the U.S. 2025/26, by expense and institution type
  • Premium Statistic College payment - average amount in the United States, by income level, 2007-2024
  • Basic Statistic Tuition and fees at public two-year colleges U.S. 2025/26, by region
  • Premium Statistic Education tax savings for college students in the U.S. 1997-2025

Savings behavior

5
  • Premium Statistic College savings behaviors in the U.S. 2020
  • Premium Statistic Attitudes towards college savings in the U.S. 2022
  • Premium Statistic Households discussing savings for college in the U.S. 2022
  • Premium Statistic Financial products used for college savings in the U.S. 2021
  • Premium Statistic Coronavirus impact on college savings in the U.S. 2020

Demographics

5
  • Premium Statistic Share of parents saving for college in U.S. 2007-2020
  • Premium Statistic Share of parents saving in a college savings account in U.S. 2007-2020
  • Premium Statistic Households saving for college in the U.S. 2020-2022, by age of household head
  • Premium Statistic Households saving for college in the U.S. 2022, by education level
  • Premium Statistic Households saving for college in the U.S. 2020-2022, by household income

529 savings plans

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  • Basic Statistic Assets of section 529 savings plan in the U.S. 2009-2024
  • Basic Statistic Number of section 529 college savings plans in the U.S. 2009-2022
  • Premium Statistic Assets of section 529 college savings plans in the U.S. 2023, by state
  • Premium Statistic 529 college savings average account balance in the U.S. 2016-2022
  • Premium Statistic 529 savings account average balance in the U.S. 2020-2023, by age

Confidence in saving

3
  • Premium Statistic Confidence about covering college costs in the U.S. 2024
  • Premium Statistic Confidence about covering college costs in the U.S. 2024, by race
  • Premium Statistic Confidence about covering college costs 2023 in the U.S., by income
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