Among 1992–93 bachelor’s degree recipients who had no additional degree enrollment, percentage who took out loans and average amounts, by type of loan and student and institutional characteristics: 2003

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Table 14. Among 1992–93 bachelor’s degree recipients who had no additional degree enrollment, percentage who took out loans and average amounts, by type of loan and student and institutional characteristics: 2003

	All loans		Stafford loans¹		Stafford loan amount
Student and institutional characteristics	Percent	Average amount	Percent	Average amount	Less than $5,000	$5,000– 9,999	$10,000– 14,999	$15,000 or more

Total	50.8	$10,000	38.8	$7,800	37.2	30.4	23.4	9.1

Gender
Male	52.5	10,200	39.5	7,700	38.0	31.1	23.1	7.8
Female	49.2	9,800	38.2	8,000	36.3	29.8	23.7	10.2

Race/ethnicity²
White	49.7	10,300	37.6	7,900	35.7	32.7	22.6	9.0
Black	64.2	8,800	53.2	8,300	37.5	26.3	24.4	11.9
Hispanic	65.0	7,900	51.1	6,600	53.6	16.3	25.0	5.1
Asian/Pacific Islander	40.5	10,200	31.4	8,800	38.3	17.2	30.4	14.0
Other	‡	‡	‡	‡	‡	‡	‡	‡

Dependency status and family income
Dependent
Lowest	65.5	10,200	55.7	7,700	37.2	28.8	25.8	8.2
Low middle	44.3	9,300	31.8	7,000	43.4	27.4	27.0	2.2
High middle	37.0	9,500	25.3	6,600	47.9	29.5	19.4	3.3
Highest	25.9	12,800	13.2	6,300	42.8	39.2	14.8	3.3
Independent	59.1	9,900	46.7	8,400	33.7	30.9	23.0	12.4

Type of degree-granting institution
Public 4-year	48.4	8,600	34.5	6,900	45.3	29.6	17.1	8.0
Non-doctorate-granting	50.9	7,800	36.6	6,300	50.2	28.4	16.3	5.1
Doctorate-granting	47.0	9,100	33.3	7,200	42.2	30.4	17.7	9.8
Private not-for-profit 4-year	55.9	12,500	47.1	9,100	25.4	31.7	32.7	10.3
Non-doctorate-granting	58.4	11,200	50.0	9,100	28.3	30.5	28.7	12.5
Doctorate-granting	52.3	14,600	42.8	9,100	20.3	33.7	39.6	6.3
Other	51.5	12,200	48.8	10,200	26.6	29.9	30.5	13.0

Amount borrowed (undergraduate)
Less than $5,000	100.0	2,600	65.3	3,000	93.8	4.5	1.4	0.3
$5,000–9,999	100.0	6,800	76.8	6,200	32.2	62.8	4.9	0.2
$10,000–14,999	100.0	11,500	87.1	10,300	8.8	29.9	55.2	6.1
$15,000 or more	100.0	21,800	77.9	12,800	8.8	21.1	37.7	32.4

‡ Reporting standards not met (too few cases).
¹ Including those who had borrowed through the Supplemental Loans for Students (SLS) program (0.5 percent), either with or without Stafford loans.
²Black 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.
NOTE: Detail may not sum to totals because of rounding. Estimates include students from the 50 states, DC, and Puerto Rico.
Standard error tables are available at http://nces.ed.gov/das/library/reports.asp.
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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