Among 1992–93 bachelor’s degree recipients who had no additional degree enrollment and took out Stafford loans, percentage who consolidated loans, average amount consolidated, and average Stafford loan amount, by selected student characteristics: 2003

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Table 15. Among 1992–93 bachelor’s degree recipients who had no additional degree enrollment and took out Stafford loans, percentage who consolidated loans, average amount consolidated, and average Stafford loan amount, by selected student characteristics: 2003

	Percent consolidating Stafford loans			Average (consolidated and unconsolidated) Stafford loan amount
Student characteristics	Any loans	If any, all loans	Average amount consoli- dated	If any consolidated	If none consolidated

Total	12.0	35.8	$10,900	$13,000	$7,100

Amount borrowed (undergraduate)
Less than $5,000	1.9	‡	‡	‡	2,800
$5,000–9,999	9.3	17.0	7,400	8,200	7,400
$10,000–14,999	21.4	27.5	10,800	12,300	12,200
$15,000 or more	38.5	57.8	15,400	19,700	17,800

Salary in 1994
Lowest	20.7	33.3	11,100	13,300	6,700
Low middle	16.6	22.5	10,300	11,200	6,700
High middle	8.1	30.1	10,800	12,900	7,100
Highest	8.7	61.3	11,000	14,500	7,600

Debt burden in 1994¹
Not making repayments	15.7	21.7	12,500	13,300	4,700
Less than 5 percent	4.5	‡	‡	‡	5,000
5–8 percent	8.8	43.4	9,700	12,100	7,800
9–12 percent	15.4	‡	‡	‡	9,900
More than 12 percent	19.9	31.7	11,300	12,500	10,300

Stafford loan deferments by 2003
Any deferments	42.4	32.7	11,000	12,200	9,500
No deferments	10.3	36.5	10,800	13,200	7,100

Stafford loan forbearances by 2003
Ever in forbearance	38.9	24.5	12,300	13,900	9,800
Never in forbearance	8.3	43.2	9,900	12,400	6,900

Stafford loan defaults by 2003
Ever defaulted	41.4	39.3	11,500	13,700	7,400
Never defaulted	8.9	34.0	10,500	12,600	7,100

‡ Reporting standards not met (too few cases).
¹ Debt burden is the monthly loan payment as a percentage of monthly income.
NOTE: 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).