College Students Borrowing More to Stay in School
Wednesday, December 08, 2010
![College Students Borrowing More to Stay in School](http://www.allgov.com/user_content/newsimages/038218d8-c23e-46b6-85dc-d9e7da18c02a.jpeg?app=278)
College graduates today are starting out with considerably more debt than their counterparts who finished school in the mid-1990s, thanks to the need to borrow more student loans than before. The Pew Research Center reported in a new study that 65% of 2008 graduates had borrowed some amount for college, compared with 51% in 1996. The average amount borrowed among the ’08 grads with bachelor’s degrees was $23,287, compared to $17,075 in 1996. Those earning associate’s degrees and certificates averaged more than $13,321 in loans, up from about $7,751 in 1996.
-Noel Brinkerhoff
The Rise of College Student Borrowing (by Rebecca Hinze-Pifer and Richard Fry, Pew Research Center)
Report: The Rise of College Student Borrowing (by Paul Taylor, Richard Fry, Rebecca Hinze-Pifer and Daniel Dockterman, Pew Research Center) (pdf)
Student Loan Debt Passes Credit Card Debt for First Time (by Noel Brinkerhoff, AllGov)
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