Student and institutional characteristics Percent who borrowed Average amount Amount borrowed
Less than $10,000 $10,000– 14,999 $15,000– 29,999 $30,000– 54,999 $55,000 or more
Total 44.8 $33,200 23.2 10.3 27.0 20.1 19.4
Type of degree-granting institution
Public 4-year 44.4 31,200 25.5 10.2 26.9 19.3 18.1
Non-doctorate-granting 40.0 25,000 27.3 11.3 32.4 18.3 10.7
Doctorate-granting 46.5 33,900 24.7 9.7 24.6 19.8 21.2
Private not-for-profit 4-year 45.9 36,600 20.3 10.3 25.7 21.8 21.8
Non-doctorate-granting 46.1 31,300 24.8 8.9 27.5 21.6 17.1
Doctorate-granting 45.7 42,300 15.5 11.8 23.8 22.1 26.8
Other 41.3 31,900 11.2 11.2 43.2 15.7 18.8
Undergraduate major
Business and management 34.3 28,700 28.1 7.1 28.9 19.4 16.5
Education 34.3 23,000 37.4 12.5 25.5 12.9 11.8
Engineering, mathematics, or science 47.1 47,400 19.1 8.7 19.2 19.7 33.4
Humanities or social sciences 52.8 32,800 20.0 8.5 31.3 21.5 18.7
Other 47.4 28,100 21.6 14.3 28.0 22.9 13.2
Amount borrowed (undergraduate)
Did not borrow 36.0 36,900 19.3 7.7 26.5 22.7 23.9
Less than $5,000 45.7 30,300 29.7 9.5 28.4 17.3 15.2
$5,000–9,999 56.3 29,200 28.0 13.0 31.0 12.9 15.1
$10,000–14,999 54.7 28,700 25.7 16.1 23.6 19.4 15.3
$15,000 or more 58.4 35,100 18.7 9.9 25.3 24.9 21.3
Highest enrollment after bachelor’s degree by 208
Master’s degree 37.9 19,900 30.0 13.2 33.5 18.9 4.5
Doctoral degree 63.1 43,700 18.3 7.6 21.6 21.1 31.5
First-professional degree 71.8 69,200 4.6 2.6 9.4 23.6 59.9
Highest degree earned by 2003
Bachelor’s degree 32.3 23,300 36.2 11.6 26.6 14.4 11.4
Master’s degree 45.4 22,900 23.9 12.6 34.9 22.7 5.9
Doctoral degree 64.3 44,100 21.4 9.6 14.7 19.1 35.2
First-professional degree 78.8 75,500 2.0 1.1 8.2 21.6 67.1