Proportion of Bachelor’s-Degree Recipients Who Borrowed Rises to 66%

The share of undergraduates who took out loans to finance their bachelor’s degrees increased from 49 percent in 1994 to 64 percent in 2001 to 66 percent in 2009, the last year covered by a brief report issued on Thursday by the Education Department’s National Center for Education Statistics, in one of its first data publications since the federal government reopened after a 16-day shutdown.

This Statistics In Brief examines the rate of borrowing and the cumulative student loan debt of bachelor’s degree recipients 1 year after they attained their degrees. It compares three cohorts spanning a 15-year period: 1994, 2001, and 2009.

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