Percentage of Undergraduate and Graduate Students Borrowing Private Loans over Time

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The percentage of undergraduate students taking private education loans declined from 14% in 2007-08 to 6% in 2011-12; the percentage of graduate students relying on this source of funds fell from 11% to 4%.

Figure 2013_9B: Percentage of Undergraduate and Graduate Students Taking Private Education Loans, 2007-08 and 2011-12

Figure 2013_9B represents Percentage of Undergraduate and Graduate Students Borrowing Private Loans over Time. For a corresponding Section 508-compliant data table, see http://trends.collegeboard.org/student-aid.

Notes & Sources 

SOURCES: NCES, National Postsecondary Student Aid Study 2012; calculations by the authors.