Sallie Mae study shows families spend average $34,019 on college in 2025-26 academic year - SLM News | RalliesSallie Mae study shows families spend average $34,019 on college in 2025-26 academic year
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SLM• Sallie Mae study finds higher college spending
- SLM published “How America Pays for College 2026,” showing 91% of families view college as a valuable investment.
- Average family spending rose to USD 34,019 in the 2025-26 academic year from USD 30,837 a year earlier.
- Income and savings funded 49% of costs; scholarships and grants covered 27%; borrowing accounted for 22%.
- Borrowing was used by 47% of families; 66% backed federal borrowing limits, citing concerns about cost inflation.
- FAFSA completion increased to 74% from 71%; 61% used scholarships, while 74% of non-users did not apply.
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