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Dealing With Debt: 1992-93 Bachelor's Degree Recipients 10 Years LaterNCES 2006-156, June 2006
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Table 1. By undergraduate loan status, student and institutional characteristics of 1992–93 bachelor’s degree recipients
    Undergraduate loans
Student and institutional characteristics Total Yes No

     Total 100.0 100.0 100.0
       
Gender      
  Male 45.0 45.9 44.3
  Female 55.0 54.1 55.7
       
Race/ethnicity1      
  White 83.6 81.3 86.2
  Black 6.0 7.7 4.3
  Hispanic 5.1 6.3 3.7
  Asian/Pacific Islander 4.8 4.0 5.5
  Other 0.5 0.7 0.4
       
Parents’ highest education      
  High school graduate or less 31.1 36.3 25.5
  Some college 18.6 21.2 15.7
  Bachelor’s degree 24.3 21.7 26.9
  Advanced degree 26.0 20.8 31.9
       
Dependency status and family income      
  Dependent      
    Lowest 14.4 19.1 9.8
    Low middle 15.7 14.2 17.2
    High middle 14.9 11.0 18.7
    Highest 14.6 7.2 22.4
  Independent 40.5 48.6 31.9
       
Age received bachelor’s degree      
  24 or younger 71.8 66.3 78.0
  25–29 12.2 15.5 8.8
  30 or older 16.0 18.2 13.2
       
Type of degree-granting institution      
  Public 4-year 65.2 61.9 68.8
    Non-doctorate-granting 23.3 23.3 23.1
    Doctorate-granting 42.0 38.7 45.7
  Private not-for-profit 4-year 31.3 34.1 28.2
    Non-doctorate-granting 17.7 20.3 14.9
    Doctorate-granting 13.6 13.8 13.2
  Other 3.5 3.9 3.0
       
Undergraduate major      
   Business and management 22.0 20.5 23.4
   Education 13.0 14.2 11.7
   Engineering, mathematics, or science 16.5 17.6 15.5
   Humanities or social sciences 23.7 22.4 25.0
   Other 24.8 25.4 24.4
       
Highest enrollment after bachelor’s degree by 2003      
  No additional degree enrollment2 52.1 51.7 52.9
  Nongraduate degree or certificate3 7.2 7.6 6.6
  Master’s degree 31.2 32.0 30.3
  Doctoral degree 4.5 4.3 4.8
  First-professional degree 5.0 4.4 5.4
       
Highest degree earned by 2003      
  Bachelor’s degree 73.9 74.8 73.3
  Master’s degree 20.2 20.1 20.1
  Doctoral degree 2.0 1.8 2.2
  First-professional degree 3.9 3.4 4.5
       
Enrollment/employment status in 2003      
  Enrolled and employed 7.1 8.3 5.8
  Enrolled only 1.1 0.9 1.3
  Employed only 79.9 79.9 79.9
  Not enrolled or employed 11.9 11.0 12.9
       
Marital status in 2003      
  Married or cohabiting 72.6 71.6 73.4
  Not married 27.4 28.4 26.6
       
Number of dependent children under age 18 in household in 2003      
  None 49.7 47.9 51.4
  One or more 50.3 52.1 48.6
       
Median annual salary      
  1994 $20,000 $20,000 $20,400
  1997 30,000 29,500 30,000
  2003 49,000 48,000 49,900
       
Average annual salary      
  1994 22,500 22,500 22,500
  1997 32,600 32,400 32,800
  2003 56,000 55,300 56,800

1 Black includes African American, Hispanic includes Latino, and Pacific Islander includes Native Hawaiian. Other refers to American Indian or Alaska Native. Race categories exclude Hispanic origin unless specified.

2 No enrollment after the bachelor’s degree earned in 1992–93 or enrollment only in courses not leading to a degree or certificate.

3 Enrolled in a program leading to a technical diploma, associate’s degree, bachelor’s degree, or postbaccalaureate certificate.

NOTE: Detail may not sum to totals because of rounding. Estimates include students from the 50 states, DC, and Puerto Rico.

SOURCE: U.S. Department of Education, National Center for Education Statistics, 1993/03 Baccalaureate and Beyond Longitudinal Study (B&B:93/03).

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