The Higher Education Years

Published on February 2017 | Categories: Documents | Downloads: 29 | Comments: 0 | Views: 231
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22. Do you have a child in the age group of 17 to 21 years?
Response Percent Yes No 16.1% 83.9% answered question skipped question Response Count 187 974 1,161 551

23. Which is the biggest expense in raising a child from 17 to 21 years?
Response Percent Healthcare Food Clothes Education & Hobbies Housing Entertainment (Parties, Vacation, Mobiles, Gadgets) 7.4% 15.6% 34.1% 94.8% 3.0% Response Count 10 21 46 128 4

32.6%

44

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answered question skipped question 135 1,577

24. Are you tapping into funds you planned to save for retirement to pay for professional educational degree?
Response Percent Yes No Can’t say 37.8% 50.4% 11.9% answered question skipped question Response Count 51 68 16 135 1,577

25. Has your child taken student loan for paying the professional educational degree?
Response Percent Yes No 7.4% 92.6% answered question skipped question Response Count 10 125 135 1,577

26. Are you a guarantor for any loan for your child?
Response Percent Home loan Education loan Other (please specify) 4.4% 15.6% Response Count 6 21

80.7%

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27. Have you lent money to your child?
Response Percent Yes No May be 14.8% 77.0% 8.1% answered question skipped question Response Count 20 104 11 135 1,577

28. Do you think you should have planned better for any of the following expenses? Healthcare, Education, Entertainment + out of pocket expenses, Others
Response Percent Yes No May be Response Count 61 42 32 135 1,577

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45.2% 31.1% 23.7% answered question skipped question

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30. Are you worried that your financial responsibility may not be over even after your child turns 21 years of age?
Response Percent Yes No Can’t say 57.0% 28.1% 14.8% answered question skipped question Response Count 77 38 20 135 1,577

31. Which of the following insurance do you see as a part of this planning? (multiple allowed)
Response Percent Life Child plan Health None of the above Response Count 68 25 68 42 135 1,577

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50.4% 18.5% 50.4% 31.1% answered question skipped question

32. Which existing loan/debt do you or spouse have?
Response Percent Home loan Car loan None of the above Any other loan (please specify) 30.4% 17.0% 57.8% 8.9% Response Count 41 23 78 12

answered question skipped question

135 1,577

33. What portion of your household income goes to loan repayment?
Response Percent No loan/debt 10% 10%-25% 26%-40% 41%-50% more than 50% 55.6% 11.1% 20.0% 6.7% 5.9% 0.7% answered question skipped question Response Count 75 15 27 9 8 1 135 1,577

34. Your age
Response Percent Below 25 years 25-35 36-45 46-60 61-70 70+ 3.7% 21.4% 36.4% 28.1% 8.0% 2.3% answered question skipped question Response Count 35 203 345 266 76 22 947 765

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