Debt Burden: A Comparison of 1992-93 and 1999-2000 Bachelor’s Degree Recipients a Year After Graduating

Title:	Debt Burden: A Comparison of 1992-93 and 1999-2000 Bachelor’s Degree Recipients a Year After Graduating
Description:	This report uses the 1994 and 2001 Baccalaureate and Beyond Longitudinal Study (B&B) to compare the borrowing patterns of 1992–93 and 1999–2000 bachelor’s degree recipients. It also examines their repayment situations and resulting debt burdens (defined as monthly loan payments as a percentage of monthly salary income) a year after they graduated. Members of the earlier cohort finished their undergraduate borrowing before the changes in the Stafford loan program were implemented, and most members of the later cohort would have done all of their borrowing under the new rules. The major finding of the analysis was that although both the percentage of graduates who had borrowed for their undergraduate education and the average total amount borrowed (adjusting for inflation) increased, the median debt burden (as defined in the previous paragraph) a year after graduating was about the same for both cohorts.
Online Availability:	Browse the Executive Summary of this report. Download, view and print the report as a pdf file. (505KB) View/Download Tables and Table Paramenter Files (TPFs).
Cover Date:	March 2005
Web Release:	March 25, 2005
Print Release:	July 7, 2005
Publication #:	NCES 2005170 Order Your Free Copy Now From Ed Pubs General Ordering Information
Center/Program:	NCES
Authors:	Susan P. Choy and Xiaojie Li
Type of Product:	Statistical Analysis Report
Survey/Program Areas:	Baccalaureate and Beyond (B&B) Postsecondary Education Descriptive Analysis Reports (PEDAR)
Keywords:	Debt Burden Higher Education • financing of Postsecondary Education • finance Student Financial Aid
Questions:	For questions about the content of this Statistical Analysis Report, please contact: Aurora M. D'Amico.