|
Table 16. Among 1992–93 bachelor’s degree recipients who had no additional degree enrollment and took out Stafford loans, percentage who ever deferred on those loans, average length of time until the first deferment, and average Stafford loan amount, by selected student characteristics: 2003 |
|---|
| Average Stafford loan amount |
||||
| Student characteristics | Percent who ever deferred Stafford loan repayment |
Average number of years from bachelor’s degree to first deferment |
If deferred | If did not defer |
| Total | 5.5 | 3.9 | $10,600 | $7,700 |
| Amount borrowed (undergraduate) | ||||
| Less than $5,000 | 3.1 | ‡ | ‡ | 2,800 |
| $5,000–9,999 | 4.6 | ‡ | ‡ | 7,500 |
| $10,000–14,999 | 7.6 | 4.4 | 12,100 | 12,200 |
| $15,000 or more | 12.9 | ‡ | ‡ | 18,500 |
| Salary in 1994 | ||||
| Lowest | 10.1 | 3.6 | 11,500 | 7,700 |
| Low middle | 7.2 | ‡ | ‡ | 7,200 |
| High middle | 3.8 | ‡ | ‡ | 7,500 |
| Highest | 4.1 | ‡ | ‡ | 8,100 |
| Debt burden in 19941 | ||||
| Not making repayments | 7.8 | ‡ | ‡ | 5,500 |
| Less than 5 percent | 4.4 | ‡ | ‡ | 5,000 |
| 5–8 percent | 3.7 | ‡ | ‡ | 8,100 |
| 9–12 percent | 7.1 | ‡ | ‡ | 10,400 |
| More than 12 percent | 4.5 | ‡ | ‡ | 10,700 |
| Stafford loan forbearances by 2003 | ||||
| Ever in forbearance | 19.4 | 4.3 | 12,000 | 11,200 |
| Never in forbearance | 3.6 | 3.6 | 9,600 | 7,300 |
| Stafford loan defaults by 2003 | ||||
| Ever defaulted | 11.7 | ‡ | ‡ | 9,800 |
| Never defaulted | 4.8 | 3.8 | 10,400 | 7,500 |
| ‡ 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). |
||||
