ERIC Number: ED469588
Record Type: RIE
Publication Date: 2001-Nov
Student Borrowing in the 1990s. ACE Issue Brief.
American Council on Education, Washington, DC. Center for Policy Analysis.
This brief discusses student borrowing to pay for college in the 1990s. Between 1990 and 2000, student loan volume more than doubled in real terms from $16.4 billion to $37.5 billion, and the number of loans made annually also more than doubled, from 4.5 million to 9.4 million. Data, primarily from the National Postsecondary Student Aid Study, reveal, however, that while the borrowing trend bears careful monitoring, the majority of students who receive postsecondary degrees or certificates do not borrow to finance their education, for most of those who do borrow, debt levels remain reasonable. Some groups of students do borrow very substantial amounts. Professional students, who make up a very small share of degree recipients, borrow large amounts in federal student loans, and in many cases, in private loans as well. Another area of growing concern is students' use of credit cards. (SLD)
Descriptors: College Graduates, College Students, Debt (Financial), Higher Education, Paying for College, Student Loan Programs
For full text: http://www.acenet.edu/resources/reports/student_borrow_90s.pdf.
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: American Council on Education, Washington, DC. Center for Policy Analysis.