[Libs-Or] New Statistics in Brief focuses on the federal student loan debt burden of students who do not complete a postsecondary credential

[Ann Reed]

[Institute of Education Sciences - Newsflash]

New Statistics in Brief focuses on the federal student loan debt burden of students who do not complete a postsecondary credential

[2013155]The cumulative federal student debt burden among students who did not complete a degree or certificate within 6 years of enrolling amounted to 35 percent of their annual income for students who first enrolled in 2003-04.

Federal Student Loan Debt Burden of Noncompleters, a Statistics in Brief, focuses on the federal student debt burden accrued by students who do not complete a postsecondary credential within 6 years of enrolling. It is based on data from the two most recent longitudinal studies of beginning postsecondary students conducted by the National Center for Education Statistics: students who first enrolled in 1995-96 (as of 2001) and those who first enrolled in 2003-04 (as of 2009).

* In 2009, the percentage of noncompleters after 6 years ranged from 19 percent of students in private nonprofit 4-year institutions to 46 percent in public 2-year colleges or for-profit institutions. An increase in noncompletion between 2001 and 2009 was observed only for students in for-profit institutions (35 percent to 46 percent).

* In 2009, borrowing rates from federal student loan programs ranged from 25 percent of students in public 2-year colleges to 86 percent in for-profit institutions; comparable rates for students in 4-year public and nonprofit institutions were 58 percent and 64 percent, respectively.

* In 2009, the cumulative amount borrowed per credit earned was highest for noncompleters in for-profit institutions ($350 per credit, compared with $80 to $120 per credit in the other three sectors).

* In 2009, the median cumulative federal student debt for all noncompleters amounted to 35 percent of their annual income; debt burden was highest for students in 4-year nonprofit institutions (median debt equaled 51 percent of borrowers' annual income). Debt burden among noncompleters who started in for-profit institutions increased from 20 percent to 43 percent of annual income between 2001 and 2009.

This Statistics in Brief is a product of the National Center for Education Statistics at the Institute of Education Sciences, part of the U.S. Department of Education.

To view the full report when it is released please visit http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2013155


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Ann Reed, Federal Programs Coordinator
Oregon State Library
Library Development Services
250 Winter St.
Salem, OR 97301
ann.reed at state.or.us
phone 503-378-5027
fax 503-378-6439
http://www.oregon.gov/OSL/LD/



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