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ERIC Number: ED540412
Record Type: Non-Journal
Publication Date: 2009-Sep
Pages: 52
Abstractor: ERIC
How America Saves for College, 2009. Sallie Mae's National Study of College Students and Parents
Sallie Mae, Inc.
Sallie Mae's study, "How America Saves for College 2009," conducted by Gallup, provides a measure of the commitment parents have to helping their children reach higher education and whether and how they are saving for the investment. Based on a nationally representative survey of parents of children under age 18, the study found that without regard to income or race or ethnicity, parents overwhelmingly expect their child to pursue higher education. Most parents also indicated that they intend to support their child financially for at least a portion of that endeavor. While six out of 10 parents have begun saving for college, a smaller percentage are on track to achieve their savings goal. Despite the ailing economy, more than half of parents are saving the same or more for college compared to the prior year. Technical Appendix is included. (Contains 32 tables, 25 figures and 10 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