Share of Affluent Students Who Borrow for College Doubles

Share of College Graduates From High-Income Families who Borrow Has Doubled
October 7, 2014

The Changing Profile of Student Borrowers

Biggest Increase in Borrowing Has Been Among More Affluent Students

In 2012, a record share of the nation’s new college graduates (69%) had taken out student loans to finance their education, and the typical amount they had borrowed was more than twice that of college graduates 20 years ago. A new Pew Research Center analysis of recently released government data finds that the increase …read more

Source: Pew Research

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