Percentage of Undergraduate and Graduate Students Borrowing Private Loans over Time
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
Notes & Sources
SOURCES: NCES, National Postsecondary Student Aid Study 2012; calculations by the authors.