Distribution of Total Undergraduate Debt by Sector and Type of Degree or Certificate, 2007-08

Online Only!

Debt patterns vary by sector. Among 2007-08 public four-year bachelor's degree recipients, 38% graduated with no education debt, while 6% owed $40,000 or more. Among for-profit bachelor's degree recipients, 4% had no education debt and 24% owed $40,000 or more

Figure 2009_7A: Distribution of Total Undergraduate Debt by Sector and Type of Degree or Certificate, 2007-08
Notes & Sources 

Note: Data include federal loans, nonfederal loans, and loans from states and institutions. Parent PLUS Loans, credit card debt, and loans from friends and family are not included. Percentages may not sum to 100 due to rounding. Data include students who attended less than half-time (13% of students), and who do not qualify for Stafford loans but do qualify for some nonfederal loans.

Source: NPSAS, 2008.

 

  • Among all 2007-08 bachelor's degree recipients, 34% graduated with no education debt, while 10% had borrowed $40,000 or more (Not shown here.)
  • The median debt for all bachelor's degree recipients in 2007-08 was $11,000. Among the two-thirds who borrowed, median debt was about $20,000.
  • Among all bachelor's degree recipients, median debt was about $7,960 at public four-year institutions, $17,040 at private nonprofit four-year institutions, and $31,190 at for-profit institutions.
  • Among bachelor's degree recipients who borrowed, median debt was about $17,700 at public four-year institutions, $22,380 at private nonprofit four-year institutions, and $32,650 at for-profit institutions.
  • Fewer than half of associate degree and certificate recipients at public two-year colleges graduated with education debt in 2007-08. Among those who borrowed, median debt at graduation was $6,530 for certificate recipients and $7,130 for associate degree recipients.