Income Distribution of Families With and Without College Savings Accounts
Median income for families with children in college in 2010 was $65,500. Median income was $142,400 for families with college savings accounts and $45,100 for families without these accounts.
Figure 2015_32A: Income Distribution of Families With and Without College Savings Accounts, 2010
Notes & Sources
NOTE: Percentages may not sum to 100 because of rounding.
SOURCES: United States Government Accountability Office (GAO), Higher Education: A Small Percentage of Families Save in 529 Plans, GAO-13-64, 2012, Figure 4; NCES, National Postsecondary Student Aid Study, 2012; PowerStats calculations by the authors.
- While only 11% of families of dependent college students had 2010 incomes over $150,000, 47% of families with college savings plans had incomes this high.