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Table 6. Among 1992–93 bachelor’s degree recipients who had no additional degree enrollment and borrowed as undergraduates, percentages who owed and were repaying their undergraduate loans and average and median amounts borrowed, by student and institutional characteristics: 2003 |
|---|
| Among those repaying |
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| Student and institutional characteristics | Percent who still owed |
Percent who were repaying |
Average amount borrowed |
Median amount borrowed |
| Total | 25.9 | 22.6 | $13,400 | $11,600 |
| Type of degree-granting institution | ||||
| Public 4-year | 21.6 | 19.3 | 11,500 | 10,000 |
| Non-doctorate-granting | 23.3 | 19.4 | 11,400 | 10,000 |
| Doctorate-granting | 20.6 | 19.3 | 11,600 | 10,000 |
| Private not-for-profit 4-year | 32.6 | 27.8 | 15,600 | 14,000 |
| Non-doctorate-granting | 34.9 | 28.7 | 14,700 | 12,300 |
| Doctorate-granting | 28.5 | 26.4 | 17,100 | 15,000 |
| Other | 40.6 | 33.3 | ‡ | ‡ |
| Undergraduate major | ||||
| Business and management | 23.2 | 19.8 | 13,300 | 11,000 |
| Education | 29.8 | 27.0 | 12,900 | 10,000 |
| Engineering, mathematics, or science | 18.8 | 16.9 | 14,000 | 14,000 |
| Humanities or social sciences | 29.4 | 24.5 | 12,300 | 10,500 |
| Other | 28.6 | 25.6 | 14,200 | 13,000 |
| Amount borrowed (undergraduate) | ||||
| Less than $5,000 | 5.4 | 4.4 | 3,400 | 3,000 |
| $5,000–9,999 | 21.9 | 19.7 | 7,200 | 7,000 |
| $10,000–14,999 | 42.0 | 36.3 | 11,400 | 10,500 |
| $15,000 or more | 42.8 | 37.7 | 20,600 | 18,000 |
| Salary in 2003 | ||||
| Lowest | 33.1 | 24.4 | 12,100 | 10,000 |
| Low middle | 30.0 | 27.5 | 14,000 | 14,000 |
| High middle | 22.1 | 21.4 | 13,000 | 11,400 |
| Highest | 19.4 | 18.7 | 14,700 | 11,500 |
| ‡ Reporting standards not met (too few cases). |
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| NOTE: 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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