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ERIC Number: ED432189
Record Type: Non-Journal
Publication Date: 1999-Mar
Pages: 4
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Trends in Student Borrowing. Indicator of the Month.
National Center for Education Statistics (ED), Washington, DC.
This brief report summarizes trends in student borrowing based on data from the 1992-93 and 1995-96 National Postsecondary Student Aid Studies. Major findings include: (1) between 1992-98 and 1994-96, the percentage of undergraduate students attending four-year institutions who borrowed from federal loan programs during the academic year increased by about 11 percent at public institutions and by 10 percent at private, not-for-profit institutions; (2) the average annual amount borrowed in each year also increased from $3,000 to $4,100 at public four-year institutions and from $3,600 to $4,500 at private, not-for-profit four-year institutions; (3) the percentage of dependent undergraduates with family incomes of $50,000 or more who had ever borrowed from federal loan programs increased between 1992-93 and 1995-96 at both public and private not-for-profit institutions; (4) in both years, differences in attendance costs between public and private institutions were reflected in the higher amounts borrowed by undergraduates attending private institutions. A table and a graph show the percentage of undergraduates who borrowed, and the average amount and average cumulative amount borrowed by type of institution and class level for the 2 years, and the percentage of dependent undergraduates who ever borrowed from federal loan programs, by family income, for public and private institutions. (DB)
Web site: http://nces.ed.gov/pub98/condition98/c9815a01.html
Publication Type: Numerical/Quantitative Data
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Center for Education Statistics (ED), Washington, DC.