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Student debt

Question:
What statistics do you have on student loan debt and default for college students?

Response:

A 2017 report, Repayment of Student Loans as of 2015 Among 1995–96 and 2003–04 First-Time Beginning Students: First Look, presents findings about the repayment of federal student loans using data from the 2015 Federal Student Aid Supplements to two Beginning Postsecondary Students Longitudinal Studies (BPS) administered by the National Center for Education Statistics.

The report examines two cohorts of borrowers: those who began their postsecondary education in the 1995–96 academic year (BPS:96/01) and those who began in the 2003–04 academic year (BPS:04/09). The report presents estimates of both cohorts' cumulative borrowing and repayment statuses as of June 30, 2015, some 20 years after the 1995–96 cohort and 12 years after the 2003–04 cohort began postsecondary education. In both of these cohorts of beginning postsecondary students, approximately 60 percent had taken out federal loans to finance their education by 2015.1 Selected findings include:

1Includes all loans taken for undergraduate or graduate education except for Parent PLUS Loans, which are loans held by parents instead of students and are excluded from all analyses in this report.

SOURCE: U.S. Department of Education, National Center for Education Statistics (2017). Repayment of Student Loans as of 2015 Among 1995–96 and 2003–04 First-Time Beginning Students: First Look (NCES 2018-410).

Related Tables and Figures:  (Listed by Release Date)

Other Resources:  (Listed by Release Date)