# Percentage of Undergraduate Students Borrowing Stafford Loans over Time

In 2012-13, 34% of undergraduate students took out federal subsidized or unsubsidized loans to help finance their education. In 2002-03, this percentage was 29%.

NOTE: Percentages are based on preliminary IPEDS estimates of undergraduate headcount enrollment at Title IVâ€“participating institutions. Some students may be counted more than once if they enrolled in more than one institution, leading to a slight underestimate of the percentage borrowing. Percentages may not sum to 100 because of rounding.

SOURCES: NCES, *Enrollment in Postsecondary Institutions and Financial Statistics and Postsecondary Institutions and Price of Attendance in the United States*, Annual Publications, U.S. Department of Education, Office of Postsecondary Education; NCES, IPEDS preliminary data; NSLDS; calculations by the authors.

- The percentage of undergraduate students taking only federal subsidized loans declined from 12% in 2007-08 to 5% in 2012-13. The percentage taking both subsidized and unsubsidized federal loans increased from 13% to 25% during these years.