This Statistics in Brief examines the use of private education loans by both undergraduate and graduate students in the 2003–04, 2007–08, and 2011–12 academic years. The data used in this study are nationally representative of U.S. postsecondary students and are drawn from three administrations of the National Postsecondary Student Aid Study (NPSAS)—NPSAS:04, NPSAS:08, and NPSAS:12.