Loan Borrowing:
Average Loan Amount Students Borrow Each Year

For the Year

Average Loan Amount that Undergraduate Students Borrow Each Year

Why is this important?

This is a measure of the average loan amount undergraduate students borrow from the federal government. Federal loans comprise more than 90 percent of the funds students borrow to attend college.

What are the policy implications?

High levels of loan debt are difficult for college students to manage as they exit postsecondary education. It is an even larger problem for students who incur substantial levels of debt and don't graduate from college. Even though interest rates on federal loans are declining, young graduates are increasingly burdened with large debt.

For more about this measure and how it is calculated,

visit Measuring Up 2002: The State-by-State Report Card for Higher Education (http://ww for the report and the technical guide.

Other factors to consider:

It is important to look at other measures for affordability:

Percent of Family Income Needed to Pay for College - by Type of Institution

Share of Income Poorest Families Need to Pay for Tuition at Lowest Priced Colleges

State Grant Aid Targeted to Low-Income Families as a Percent of Federal Pell Grant Aid

Data sources and related links:

Measuring Up: The State-by-State Report Cardhttp://ww