Journal of Financial Planning: January 2021
61…Percentage of families that say COVID-19 will have no impact on their student’s education (Sallie Mae)
52…Percentage of families that said they had a plan in place to pay for college for the 2020-2021 academic year. (Sallie Mae)
44…Percentage of families that said they had a plan in place to pay for college in the 2018-2019 academic year. (Sallie Mae)
$30,017…Average amount families spent on college in academic year 2019-2020. (Sallie Mae)
$1.56 trillion…Total student loan debt in the first quarter 2020. (Forbes)
37 million…Number of student loan borrowers who haven’t made a single payment on their loan since March 2020. (CNBC)
4.6 million…Number of people with federal student loans who have made payments during the pandemic. (CNBC)
69…Percentage of 2019 college graduates who took out student loans. (Student Loan Hero)
72…Percentage in-state tuition prices among public national universities grew since 2008.
(U.S. News)
$41,411…Average cost of tuition and fees for the 2020-2021 school year at private colleges.
(U.S. News)
$11,171… Average cost of tuition and fees for the 2020-2021 school year for in-state students at public colleges. (U.S. News)
$26,809… Average cost of tuition and fees for the 2020-2021 school year for out-of-state students at state schools. (U.S. News)
19.7 million…Number of students who were projected to attend colleges and universities in fall 2020. (National Center for Education Statistics)
>65…Number of colleges that have reported at least 1,000 cases of COVID-19 over the course of the pandemic. (New York Times)
>321,000…Number of total COVID-19 cases in the more than 1,900 American colleges and universities surveyed. (New York Times)
$1,183…Average credit card debt for college students. (Sallie Mae)