Page |8 Education 60% 50% Post-secondary How are you and your child going to pay for your child's education after high school? 50% 43% 40% 39% 30% 25% 20% 22% 20% 19% 10% 0% Academic scholarship Personal savings Federal loans KEY FINDINGS: Ninety-four percent of Sangamon County adults who have a child between the ages of 5 and 18 report that they plan on their child pursuing education after high school. Fifty percent of parents plan on their child receiving an academic scholarship to cover the cost of their child’s education after high school. In addition, 43 percent report they will pay for these educational pursuits using personal savings, 39 percent report they will rely on federal loans, and 25 percent report they plan on their child receiving an athletic scholarship (see figure). Athletic scholarship Private loans Other family contributions Other 94% of parents plan on their child pursuing educational opportunities after graduating high school. 100% of parents who earned a college degree plan on their child pursuing a similar experience, compared to 81% of individuals with a high school diploma or GED.