Undergraduate Students Receiving Loans

In 2019–20, about 36.3 percent of undergraduate students—including both full-time and part-time students—borrowed to help finance their undergraduate education, including Parent PLUS loans. When excluding the parent PLUS loans, the borrowing rate was 36.1 percent. A larger share of Black or African American students than that of any other group took out some type of loans (49.7 percent excluding parent PLUS loans and 49.9 percent including parent PLUS loans).

Share of Undergraduate Students Who Received Loans, by Race and Ethnicity: 2019-20


U.S. Department of Education, National Postsecondary Student Aid Study, 2020