Financial Services » Banking » Saving for college in the U.S. | College saving - average amount saved by families, by vehicle U.S. 2016

Average college savings of American families by savings vehicle U.S. 2016

Average total college savings saved by families in the United States in 2016, by vehicle

The data displays the average total college savings made by families in the U.S. in 2016, by vehicle. The average amounts saved by U.S. families for college by means of investment in 2016 amounted to 548 USD, totaling around 2302 USD on average.

General savings/CDs 1058 3663
529 plan 644 2820
Checking account 425 1534
Investments 548 2302
CDs 468 1513
US savings bonds 167 709
Prepaid state plan 157 452
Coverdell/Education IRA 181 509
Juvenile life insurance 181 715
Trust 294 1060
UGMA/UTMA 123 433
Other means of saving 153 670
Total average savings 4399 16380

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