Share of Dependent Undergraduate Students with Parent PLUS Loans over Time
In 2015-16, parents of 9% of dependent undergraduate students borrowed through the Parent PLUS program. The shares of parents taking these loans ranged from less than 1% of dependent public two-year college students to 21% of dependent for-profit college students.
Figure 10A: Share of Dependent Undergraduate Students with Parent PLUS Loans, 1999-00 to 2015-16
Notes & Sources
SOURCES: NCES, NPSAS 2000, 2004, 2008, 2016; calculations by the authors.
- The average annual amount borrowed through the Parent PLUS program has increased over time in all sectors except public two-year colleges. At private nonprofit colleges and universities, these loan amounts rose from an average of $12,100 (in 2016 dollars) for 12% of dependent students in 1999-00 to $15,300 for 14% of dependent students in 2007-08 and to $17,500 for 17% of dependent students in 2015-16.