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Table 12. Among 1992–93 bachelor’s degree recipients who had no additional degree enrollment and were repaying undergraduate loans, average and median debt burden and percentage distribution of debt burden, by selected student characteristics: 2003 |
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| Debt burden |
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| Student characteristics | Average debt burden1 |
Median debt burden |
Less than 5 percent |
5–8 percent |
9–12 percent |
12 percent or more |
| Total | 4.5 | 3.3 | 63.1 | 25.7 | 8.2 | 3.0 |
| Amount borrowed (undergraduate) | ||||||
| Less than $5,000 | 3.2 | 1.4 | 79.4 | 14.6 | 1.6 | 4.4 |
| $5,000–9,999 | 3.8 | 2.2 | 75.6 | 17.3 | 3.8 | 3.3 |
| $10,000–14,999 | 4.2 | 3.2 | 67.2 | 24.6 | 5.6 | 2.7 |
| $15,000 or more | 5.4 | 4.5 | 48.6 | 33.9 | 14.5 | 3.0 |
| Monthly loan payment in 2003 | ||||||
| Less than $100 | 2.5 | 1.9 | 95.9 | 2.3 | # | 1.8 |
| $100–149 | 3.6 | 3.0 | 76.0 | 20.8 | 2.0 | 1.2 |
| $150–199 | 4.7 | 4.3 | 51.4 | 42.9 | 4.1 | 1.8 |
| $200–249 | 6.7 | 6.1 | 20.9 | 50.5 | 25.7 | 3.0 |
| $250 or more | 9.0 | 7.7 | 14.2 | 40.6 | 31.7 | 13.5 |
| Salary in 2003 | ||||||
| Lowest | 7.0 | 6.0 | 37.2 | 38.0 | 15.0 | 9.9 |
| Low middle | 4.8 | 4.4 | 48.4 | 40.7 | 9.7 | 1.2 |
| High middle | 3.3 | 2.8 | 81.9 | 12.9 | 5.2 | # |
| Highest | 2.1 | 1.8 | 94.7 | 4.3 | 0.9 | # |
| Debt burden in 19941 | ||||||
| Not making repayments | 4.8 | 3.8 | 57.3 | 35.1 | 2.6 | 5.0 |
| Less than 5 percent | 2.9 | 2.1 | 80.4 | 13.9 | 5.7 | # |
| 5–8 percent | 3.9 | 2.7 | 79.9 | 15.0 | 1.7 | 3.4 |
| 9–12 percent | 4.9 | 3.9 | 59.3 | 18.1 | 20.3 | 2.3 |
| More than 12 percent | 5.5 | 4.6 | 49.4 | 33.8 | 14.4 | 2.4 |
| Debt burden in 19971 | ||||||
| Not making repayments | 4.6 | 3.4 | 61.8 | 26.6 | 7.0 | 4.6 |
| Less than 5 percent | 3.5 | 2.4 | 77.6 | 11.5 | 9.1 | 1.7 |
| 5–8 percent | 4.1 | 3.8 | 60.8 | 33.6 | 5.6 | # |
| 9–12 percent | 5.7 | 4.6 | 43.0 | 49.3 | 4.1 | 3.6 |
| More than 12 percent | 6.3 | 5.0 | 48.3 | 26.3 | 18.3 | 7.1 |
| # Rounds to zero. |
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| 1 Debt burden is the monthly loan payment as a percentage of monthly income. |
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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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