College & Workforce Readiness Report Roundup

Student Debt Growing at Moderate Rate

By Vaishali Honawar — June 30, 2005 1 min read

The percentage of students borrowing money to pay for college continues to grow, but a large number of students either do not borrow at all or graduate with only modest amounts of federal student debt, says a report from the American Council on Education.

“Federal Student Loan Debt: 1993 to 2004" is available from the American Council on Education.

The report from the Washington-based higher education advocacy group derives its conclusions from a federal study of student aid that examined data from the 1992-93 academic year to 2003-04. It found that more than 60 percent of all recipients of bachelor’s degrees graduated with some debt from federal student loans. The median amount borrowed over the course of pursuing a bachelor’s degree was $14,671 for graduates of public institutions and $17,125 at private institutions.

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