Percentage of Undergraduate Students Borrowing Federal Loans over Time

The percentage of undergraduate students who did not borrow federal subsidized or unsubsidized Stafford Loans declined from 71% in 2006-07 to 62% in 2011-12, but increased to 70% in 2016-17.

Figure 9: Percentage of Undergraduate Students Borrowing Federal Subsidized and Unsubsidized Student Loans, 2006-07, 2011-12, and 2016-17

Figure 9 represents Percentage of Undergraduate Students Borrowing Federal Subsidized and Unsubsidized Loans, 2006-07, 2011-12, and 2016-17. For a corresponding Section 508-compliant data table, download the Excel spreadsheet.

Notes & Sources 

NOTES: IPEDS headcount enrollments are adjusted for the difference between total headcount, which counts students more than once if they are enrolled in more than one institution at the same time, and unduplicated headcount reported by the National Student Clearinghouse (NSC). Twelve-month undergraduate headcount for 2016-17 is estimated from the NSC data.

SOURCES: NCES, Postsecondary Institutions and Cost of Attendance in 2016-17; Degrees and Other Awards Conferred, 2015-16, and 12-Month Enrollment, 2015-16: First Look (Preliminary Data) and earlier editions; National Student Clearinghouse, Current Term Enrollment Estimates: Spring 2017; Federal Student Aid Data Center, Title IV Program Volume Reports and Aid Recipients Summary; calculations by the authors.

  • In 2016-17, 5% of undergraduate students borrowed subsidized loans only, 5% borrowed unsubsidized loans only, and 20% borrowed from both programs.