Figure 1 shows average total indebtedness of students who graduated with a bachelor’s degree from a public four-year institution. In 1999-2000, bachelor’s degree recipients had $11,100 on average in student loan debt. However, not all students take out loans and, in 1999-2000, 54% of bachelor’s graduates had debt. Of those with debt, the average borrower left school with $20,500 in student loans. By 2010-11, there was an increase in the average indebtedness of bachelor’s degree recipients such that the average debt level was $13,600. There also was an increase in the percentage of students who borrowed, which increased to 57%. Among bachelor’s degree recipients who borrowed, average indebtedness was $23,800 in 2010-11 – an increase of $3,300 of average debt since 1999-2000.
By: Jennifer A. Delaney