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Table 2. Percentage of 1992–93 bachelor’s degree recipients who borrowed for undergraduate education from any source and, among borrowers, average amount borrowed and percentage distribution of amount borrowed, by student and institutional characteristics |
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| Amount borrowed |
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| Student and institutional characteristics |
Percent who borrowed |
Average amount borrowed |
Less than $5,000 |
$5,000– 9,999 |
$10,000– 14,999 |
$15,000 or more |
| Total | 51.4 | $10,200 | 29.1 | 26.9 | 20.8 | 23.2 |
| Dependency status and family income | ||||||
| Dependent | ||||||
| Lowest | 67.2 | 10,200 | 26.6 | 24.9 | 21.5 | 27.0 |
| Low middle | 46.6 | 9,100 | 33.7 | 27.7 | 22.0 | 16.6 |
| High middle | 38.3 | 11,500 | 28.7 | 23.6 | 21.0 | 26.7 |
| Highest | 25.3 | 12,600 | 30.8 | 21.7 | 16.4 | 31.2 |
| Independent | 61.7 | 9,800 | 28.3 | 29.3 | 20.8 | 21.7 |
| Type of degree-granting institution | ||||||
| Public 4-year | 48.7 | 8,800 | 33.7 | 29.2 | 19.5 | 17.7 |
| Non-doctorate-granting | 51.5 | 8,300 | 36.1 | 30.6 | 17.2 | 16.1 |
| Doctorate-granting | 47.2 | 9,100 | 32.2 | 28.3 | 20.9 | 18.6 |
| Private not-for-profit 4-year | 56.1 | 12,600 | 20.9 | 23.1 | 23.2 | 32.8 |
| Non-doctorate-granting | 59.0 | 11,600 | 22.1 | 26.0 | 23.8 | 28.1 |
| Doctorate-granting | 52.5 | 14,000 | 19.2 | 18.8 | 22.3 | 39.7 |
| Other | 58.0 | 11,000 | 28.0 | 25.9 | 18.8 | 27.2 |
| Highest enrollment after bachelor’s degree by 2003 | ||||||
| No additional degree enrollment1 | 50.8 | 10,000 | 29.6 | 26.5 | 20.6 | 23.3 |
| Nongraduate degree or certificate2 | 54.9 | 9,900 | 31.0 | 24.7 | 25.4 | 18.8 |
| Graduate or first-professional degree | 51.5 | 10,400 | 28.2 | 27.7 | 20.3 | 23.8 |
| 1 No enrollment after the bachelor’s degree earned in 1992–93 or enrollment only in courses not leading to a degree or certificate. |
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| 2 Enrolled in a program leading to a technical diploma, associate’s degree, bachelor’s degree, or postbaccalaureate certificate. |
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| NOTE: Detail may not sum to totals because of rounding. Estimates include students from the 50 states, DC, and Puerto Rico. |
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| 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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