Repayment: Bachelor’s Degree Recipients
Among the cohort who started college in 2011-12, two-thirds of all borrowers (65.4 percent) who completed bachelor’s degrees—but only 47.9 percent of Black or African American borrowers—were in the standard 10-year repayment plan six years after first enrolling. Approximately one-fifth of bachelor’s degree recipients with federal loans were in income-driven repayment (IDR) plans (20.6 percent). Participation in IDR plans ranged from 14.3 percent of Asian borrowers to 33.4 percent of Black or African American borrowers.
Source: U.S. Department of Education, Beginning Postsecondary Students Longitudinal Study, BPS:12/17
Data reflect students who first entered college in 2011-12 and whose highest degree earned by 2017 was a bachelor’s degree. Data reflect all federal student loans taken within the six-year time frame. As a result, loan outcomes may reflect loans taken for additional enrollment beyond the highest degree attained by 2017.
Alternative repayment plan includes a few additional repayment options not separately shown.
‡ Estimate suppressed. Reporting standards not met.
Estimates for groups not separately shown were suppressed due to small sample size.