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 students and 89.6 percent of Native Hawaiian or other Pacific Islander students.

Borrowing Rates Among Bachelor's Degree Recipients, by Race and Ethnicity: 2015-16
Total Borrowing: Bachelor's Degree Recipients, by Race and Ethnicity: 2015-16

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.