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Dealing With Debt: 1992-93 Bachelor's Degree Recipients 10 Years LaterNCES 2006-156, June 2006
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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).

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National Center for Education Statistics - http://nces.ed.gov
U.S. Department of Education