Purpose: This study uses data from the 2019 China Institute for Educational Finance Research Household Survey to investigate expenditure on children's education in China. Design/Approach/Methods: Using descriptive and regression analysis, this study analyzes the level and structure of household expenditure on children's education, the associated…

Approximately 43 million Americans collectively owe $1.5 trillion in federal student loan debt, but students aren't the only ones drowning in student debt. Increasingly, parents, particularly Black parents, are taking out Parent PLUS (Parent Loans for Undergraduate Students) loans and putting off retirement to help their children pay for college.…

We examine U.S. children whose parents won the lottery to trace out the effect of financial resources on college attendance. The analysis leverages federal tax and financial aid records and substantial variation in win size and timing. While per-dollar effects are modest, the relationship is weakly concave, with a high upper bound for amounts…

Eligibility for many federal, state, and institutional financial aid programs is determined by the expected family contribution (EFC) from the Free Application for Federal Student Aid (FAFSA), which functions as a tool to ration scarce aid dollars. The lowest possible EFC under current rules is zero, but this obscures a wider distribution of…

A changing economy in Michigan means that education beyond high school, whether it's a degree or training for a specific skill or job, is more important than ever. But in Michigan, low- and middle-income families are seeing college costs continue to rise--for many, rising beyond their reach. Michigan has some of the highest public tuition levels…

Introduced in 2009, "How America Saves for College" is Sallie Mae's national study conducted by Ipsos that surveys American parents with children under the age of 18 about how they are preparing financially for college. The 2018 study is the seventh in the series. This primary research captures data on parents' saving-for-college…

Since 2008, Sallie Mae has surveyed American families with an undergraduate student about their attitudes toward college and how they paid for it. For the past ten years, the "How America Pays for College" research has provided insight regarding families' belief in the value of a college education, how they are making college more…

"How America Saves for College 2016," the sixth in the series, again looks at American parents with children under the age of 18 and captures data on how, and how many, parents are saving for college and other tactics they may be using to build a plan to pay for college. The survey also tracks the values parents associate with higher…

"How America Pays for College", introduced in 2008, is a Sallie Mae national study conducted by Ipsos that annually surveys undergraduate students and parents of undergraduates about how much they pay for college and the resources they use to fund the expense. Now in its tenth year, this study also asks families about their attitudes…

"How America Saves for College 2015" marks the fifth time Sallie Mae has reported on the theories and practices behind how parents feel about saving for college and what they are doing to save for college. This study reports on the values that parents associate with higher education and their attitudes toward paying for it. In addition,…

This is the fourth report in the Sallie Mae series "How America Saves for College," which launched in 2009. To understand how American families are planning for their children's education, the study captures data on parents' decision-making about savings, the use of savings vehicles, and the amount they save, as well as attitudes toward…

Sallie Mae has conducted an ongoing study, "How America Pays for College," annually since 2008. Through that study, the researchers are able to provide a clearer picture of how the typical American undergraduate is paying for college today. This report is the third in the "How America Saves for College" series conducted since 2009. Interviews took…

As college costs have continued to rise, states have offered families a way to save for their child's education. Private savings accounts, known as 529 savings plans, allow a family's investment to grow tax-free until a child is ready for college. Today, every state sponsors at least one 529 plan, and families have more than 10 million accounts,…

Sallie Mae has conducted "How America Pays for College" annually since 2008, providing information about the resources American families invest in an undergraduate college education. This study focuses particularly on the planning and payment behaviors in a given academic year. Now in its seventh year, the study provides a compelling…

The role of formal education in the socio-economic development of a country cannot be over-emphasized. It is in this light, that over the years, governments of Ghana and other organizations have supported the education sector in many ways. Despite the efforts, many people think that a lot more can be done, but resources are not unlimited. Against…