Debt: Bachelor’s Degree Recipients
Among students who received a bachelor’s degree in 2015–16, nearly 69 percent borrowed an average of $29,669, with a median debt among borrowers of $27,000 at graduation. Among bachelor’s degree recipients in 2015–16, the share of students who borrowed for their undergraduate education ranged from 58.7 percent of Asian students to 86.4 percent of Black or African American students and 89.6 percent of Native Hawaiian or other Pacific Islander students.
Report Links
Race and Ethnicity in Higher Education: A Status Report
Chapter Seven: How Students Finance Undergraduate Study
Chapter Seven Report Download (PDF) 2.8 MB
Chapter Seven Data Tables Download (XLSX) 167 KB
Source
U.S. Department of Education, National Postsecondary Student Aid Study, 2016
Notes:
Estimate suppressed for international students. Reporting standards not met.
Total borrowing of bachelor’s degree recipients shows the average amount borrowed per borrower.
