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Table F5. AMOUNT BORROWED PER CREDIT EARNED: Cumulative average amount 2003–04 beginning postsecondary students borrowed in Stafford or Perkins loans per credit earned, in constant 2009 dollars, by type of institution first attended and completion status: 2009

  Public 4-year Private nonprofit 4-year Public 2-year For-profit1
Noncompleters $130 $190 $80 $350
Completers $90 $120 $70 $220
SOURCE: U.S. Department of Education, National Center for Education Statistics, 2003/04 Beginning Postsecondary Students Longitudinal Study, Second Follow-up (BPS:04/09).

ยน Includes less-than-2-year, 2-year, and 4-year institutions.

NOTE: “Completers” includes all who completed any degree or certificate by 2009; “Noncompleters” includes those who were not enrolled in 2009 and had not completed any degree or certificate by 2009. Excludes those who had not complet-ed a degree or certificate and were still enrolled and those who first enrolled at public less-than-2-year or private nonprofit less-than-4-year institutions. Estimates include students enrolled in Title IV eligible postsecondary institutions in the 50 states, the District of Columbia, and Puerto Rico. Standard error tables are available at