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ERIC Number: ED540398
Record Type: Non-Journal
Publication Date: 2009-Aug
Pages: 70
Abstractor: ERIC
Reference Count: 0
How America Pays for College, 2009. Sallie Mae's National Study of College Students and Parents
Sallie Mae, Inc.
Sallie Mae's study, "How America Pays for College 2009," conducted by Gallup, provides a picture of how families made the investment in higher education last academic year and how they are beginning to meet the challenges of the economic recession. Based on a nationally representative survey of college-going students and parents of undergraduates, the study found that, despite the country's economic challenges, American families expressed unexpected confidence in their ability to continue to pay for their son's or daughter's education. They reported that parents continue to be the largest source of funding for college costs. Families indicated that their total cost of attendance increased by 9 percent over the previous year's survey with no appreciable change in the type of colleges and universities attended. The report is the second annual Sallie Mae national study conducted by Gallup that examines how families of undergraduate students aged 18 to 24 finance the expenses associated with a higher education. To capture a complete picture of how families meet the costs of college, Sallie Mae and Gallup designed this study to gather data directly from families of the college-going population on their attitudes, aptitudes and actual experiences regarding paying for college. For this year's study, Gallup surveyed 800 college-going students and 804 parents of such students in March and April 2009 on a series of questions that gauged Americans' willingness and ability to pay for postsecondary education. Technical Appendix is included. (Contains 51 figures, 36 tables and 16 footnotes.)
Sallie Mae, Inc. 300 Continental Drive, Newark, DE 19713. Tel: 302-283-5000; Fax: 877-525-7347; Web site:
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Sallie Mae, Inc.; Gallup