Cumulative Debt of Bachelor’s Degree Recipients by Sector over Time
The percentage of bachelor’s degree recipients graduating with $40,000 or more of student loan debt (in 2012 dollars) increased from 2% in 2003-04 to 8% in 2007-08 and to 18% in 2011-12.
Figure 2014_14A: Cumulative Debt of Bachelor’s Degree Recipients in 2012 Dollars by Sector, 2003-04, 2007-08, and 2011-12
Notes & Sources
NOTE: Includes both federal and nonfederal borrowing.
SOURCES: NCES, National Postsecondary Student Aid Study, 2004, 2008, and 2012.
- Almost half of the 2011-12 bachelor’s degree recipients from for-profit institutions had borrowed $40,000 or more, but only 12% of those from public institutions had this much debt.
- Only 12% of 2011-12 bachelor’s degree recipients from for-profit colleges graduated without any debt, but 25% of those from private nonprofit and 34% of those from public four-year colleges and universities graduated without any debt.
- The proportion of all bachelor’s degrees that were awarded by the for-profit sector increased from 3% in 2003-04 to 8% in 2011-12.