U.S. Undergraduate Students Receiving Student Loans

Table includes percentages of students receiving student loan aid for years 1995-1996, 1999-2000, 2003-2004 and 2007-2008. Institutional and student characteristics included.

1995-96

1999-2000

2003-04

2007-08

Characteristic

Percent

Avg amount

Percent

Avg amount

Percent

Avg amount

Percent

Avg amount

Total

25.9

$3,800

28.4

$4,700

33.8

$5,300

38.5

$7,100

Type of institution

Public 2-year

4.7

2,300

5.4

3,200

9.3

3,300

13.2

4,100

Public 4-year

37.8

3,800

40.4

4,400

45.6

5,100

46.2

6,600

Private nonprofit 4-year

48.5

4,300

51.8

5,700

56.2

6,400

58.9

9,100

For-profit

61.3

3,800

75.2

4,900

77.3

5,500

91.6

8,100

More than one institution

47.4

3,300

39.1

4,500

36.6

5,000

44.7

6,800

Attendance status

Full-time, full-year

44.1

$4,100

44.6

$5,000

47.8

$5,700

52.9

$8,000

Full-time, part-year

30.2

$3,300

36.9

$3,900

41.9

$4,500

$6,300

Part-time, full-year

$3,700

18.7

$4,800

24.9

$5,200

$6,700

Part-time, part-year

6.8

$2,900

8.4

$3,700

$3,900

18.9

$4,800

Sex

Male

24.9

$3,900

$4,700

32.3

$5,400

34.8

$7,200

Female

26.7

$3,700

29.5

$4,700

34.9

$5,200

41.3

$7,000

Race/ethnicity

White

25.8

$3,900

28.6

$4,800

33.9

$5,300

38.2

$7,200

Black

32.2

$3,600

35.4

$4,600

41.8

$5,100

49.5

$7,000

Hispanic

22.4

$3,600

24.8

$4,400

29.4

$5,000

34.3

$6,900

Asian/Pacific Islander

21.6

$3,800

21.6

$4,700

23.9

$5,400

26.2

$6,900

American Indian

23.6

$3,700

23.6

$4,200

$5,200

35.5

$5,800

Other or Two or more races

24.4

$3,900

23.9

$4,900

34.5

$5,500

40.7

$7,200

Age

18 or younger

33.6

$3,000

32.9

$3,700

36.3

$4,300

38.9

$6,100

19–23

31.9

$3,700

34.4

$4,600

37.7

$5,200

40.2

$7,200

24–29

24.8

$4,300

28.5

$5,300

36.8

$5,800

41.6

$7,400

30–39

16.8

$4,400

19.3

$5,300

28.3

$5,700

37.6

$7,300

40 or older

$4,000

10.7

$5,500

18.3

$5,600

25.8

$7,100

Dependency/marital status

Dependent

31.7

$3,500

35.3

$4,400

38.2

$5,000

40.2

$7,000

Independent

20.2

$4,200

21.6

$5,200

29.4

$5,600

36.6

$7,200

Unmarried with no dependents

23.8

$4,500

$5,600

$6,100

38.4

$7,600

Married with no dependents

12.2

$4,500

12.8

$5,600

$5,900

27.9

$7,700

Unmarried with dependents

22.1

$3,800

24.6

$4,600

34.3

$5,100

$6,700

Married with dependents

$4,100

18.9

$5,200

24.2

$5,500

32.5

$7,200

Dependent student family income

Lowest 25 percent

36.1

$3,300

$4,200

39.6

$4,700

42.1

$6,200

Lower middle 25 percent

37.8

$3,600

$4,300

42.1

$4,900

43.1

$7,000

Upper middle 25 percent

31.9

$3,500

$4,400

40.1

$5,100

42.1

$7,300

Highest 25 percent

$3,600

26.8

$4,700

30.4

$5,400

33.1

$7,800

Independent student family income

Lowest 25 percent

33.6

$4,200

37.7

$5,100

36.2

$5,400

45.3

$6,900

Lower middle 25 percent

24.2

$4,200

26.7

$5,100

38.2

$5,600

43.4

$7,100

Upper middle 25 percent

14.8

$4,200

15.6

$5,500

28.4

$5,700

36.1

$7,300

Highest 25 percent

8.1

$4,400

7.3

$5,800

13.9

$6,100

21.1

$8,000

Source: U.S. Department of Education, National Center for Education Statistics

Providing Guidance in Education & Learning

Colleges & Universites

Financial Aid

Free Classes on Video

K-12 Schools

Company

This website provides information of a general nature and is designed for educational purposes only. If you have any concerns please review the Terms of Use before using this site. Your use of the site indicates your agreement to be bound by the Terms of Use.