The Rise of Student Debt for Those Who Get Degrees

My recent article on student debt prompted many questions from readers who were hungry for more detail. I had provided statistics on all undergraduates, but many readers wanted to see debt for those who graduated with a bachelor’s degree. When you break out the borrowing data by educational attainment, students who get bachelor’s degrees are more likely to borrow than the typical college student. This makes sense: When you stay in school longer, you have more years of tuition to pay and more opportunities to borrow. Fifteen percent of those with a B.A. borrowed more than $30,000, about double the rate of the typical college student. Five percent borrowed more than $50,000, compared with 2 percent of all college students.

・ From The New York Times