ERIC Number: ED432189
Record Type: Non-Journal
Publication Date: 1999-Mar
Reference Count: 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)
Descriptors: Data Analysis, Debt (Financial), Family Income, Higher Education, National Surveys, Paying for College, Private Colleges, Public Colleges, Student Financial Aid, Student Loan Programs, Tables (Data), Trend Analysis, Undergraduate Study
Web site: http://nces.ed.gov/pub98/condition98/c9815a01.html
Publication Type: Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: National Center for Education Statistics (ED), Washington, DC.