PEDAR: Executive Summary " " Characteristics of Undergraduate Borrowers: 1999-2000
Profile of Borrower Groups
Persistance/Attainment Risk
Types and Source of Financial Aid
Who Receives Financial Aid
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Research Methodology
Full Report (PDF)
Executive Summary (PDF)
" " Profile of Borrower Groups

The profile of borrower groups examines the demographic and enrollment characteristics of high borrowers as a group and in comparison to medium, low, and nonborrowers. It also examines each group of Stafford maximum borrowers (total, subsidized, and unsubsidized) individually and in comparison to their Stafford less-than-maximum and Stafford nonborrower counterparts. Key findings include:

High Borrowers

  • High borrowers tended to be older (29 percent were ages 24–29 and 26 percent were 30 or older), independent students (64 percent). They also were likely to attend exclusively full time (72 percent) and to attend 4-year institutions (34 percent attended private not-for-profit and 38 percent attended public 4-year institutions).

  • High, medium, and low borrowers were less likely than nonborrowers to have been high income and to have worked full time.

Stafford Maximum Borrowers

  • Stafford total maximum borrowers and subsidized maximum borrowers tended to be young, single, financially dependent students. In addition, they were more likely to have had each of these characteristics than Stafford nonborrowers. Each group of maximum borrowers tended to be enrolled exclusively full time.
  • Stafford maximum borrowers tended to work 1–20 hours (total and subsidized) or 1–20 hours and 35 hours or more (unsubsidized). All maximum borrowers were less likely than nonborrowers to have worked full time.

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