{"id":515112,"date":"2021-07-20T09:08:05","date_gmt":"2021-07-20T13:08:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/families-continue-to-invest-in-higher-education-and-majority-eager-to-return-to-campus-according-to-how-america-pays-for-college-2021\/"},"modified":"2021-07-20T09:08:05","modified_gmt":"2021-07-20T13:08:05","slug":"families-continue-to-invest-in-higher-education-and-majority-eager-to-return-to-campus-according-to-how-america-pays-for-college-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/families-continue-to-invest-in-higher-education-and-majority-eager-to-return-to-campus-according-to-how-america-pays-for-college-2021\/","title":{"rendered":"Families Continue to Invest in Higher Education and Majority Eager to Return to Campus, According to \u201cHow America Pays for College 2021\u201d"},"content":{"rendered":"

<\/p>\n

Families Continue to Invest in Higher Education and Majority Eager to Return to Campus, According to \u201cHow America Pays for College 2021\u201d<\/b><\/p>\n

Families Spent $26,373 on College in 2020-21; Family Income and Savings Cover Majority of the Bill <\/i><\/b><\/p>\n

Families with a Plan to Pay for College at an All-Time High, Yet FAFSA<\/i><\/b>\u00ae Completion Rates Reach the Lowest Point in the 14-Year History of the Report<\/i><\/b><\/p>\n

NEWARK, Del.–(BUSINESS WIRE<\/a>)–
\nWhile the pandemic created challenges for students and families, nine in ten families continue to believe college is an important investment in their future. Eighty nine percent believe a degree will create new opportunities, and 81% believe it will yield higher earnings, according to \u201cHow America Pays for College 2021<\/a>,\u201d the national study from Sallie Mae\u00ae and Ipsos. In addition, the majority of families are eager for students to get back to campus. In fact, just 17% report they prefer online learning versus on campus or a hybrid model.\n<\/p>\n

\n\u201cDespite the turmoil caused by the COVID-19 pandemic in 2020, Americans still believe in the value of college and say the investment in higher education is worthwhile,\u201d said Jennifer Berg, Research Director, Ipsos. \u201cMany believe that a college degree creates opportunities that the student would not have access to without it, but 2020 has also highlighted the need for personal growth, with a growing number of families saying they value the intellectual and social experience of college regardless of the potential increase in income.\u201d\n<\/p>\n

\nFamilies spent $26,373 on college in AY 2020-21, a 12% decrease from the year prior. Students and parents continued to use a combination of resources to cover college costs with strategies similar to pre-pandemic:\n<\/p>\n