Figure 1. Average annual undergraduate tuition and fees for full-time students at degree-granting postsecondary institutions, by level and control of institution: Academic years 2010–11 through 2018–19

The Condition of Education – Postsecondary Education – Finances and Resources – Loans for Undergraduate Students

In 2017–18, some 44 % of first-time, full-time diploma/certificate-seeking undergraduate students have been awarded loan support, a 6 share level lower from 2010–11 (50 %). Between 2010–11 and 2017–18, the typical annual undergraduate student loan quantity decreased by 5 %, from $7,600 to $7,200 (in fixed 2018–19 {dollars}).

To assist offset the price of attending a postsecondary establishment, Title IV of the Higher Education Act of 1965 licensed a number of student monetary help packages—specifically, federal grants, loans, and the Federal Work-Study Program. The largest federal loan program is the William D. Ford Federal Direct Loan Program, established in 2010, for which the federal authorities is the lender. Interest on the loans supplied beneath the Direct Loan Program could also be backed, primarily based on want, whereas the recipient is in class. Other sorts of student loans embody institutional loans and personal loans. The normal loan reimbursement plan is designed in order that loans are payable inside 10 years, starting 6 months after the student graduates, drops beneath half-time enrollment, or withdraws from the tutorial program.


Figure 1. Average annual undergraduate tuition and costs for full-time students at degree-granting postsecondary establishments, by degree and management of establishment: Academic years 2010–11 by way of 2018–19

Figure 1. Average annual undergraduate tuition and fees for full-time students at degree-granting postsecondary institutions, by level and control of institution: Academic years 2010–11 through 2018–19

NOTE: Degree-granting establishments grant affiliate’s or greater levels and take part in Title IV federal monetary support packages. Some knowledge have been revised from beforehand revealed figures. For public establishments, in-state tuition and required charges are used. Tuition and costs are weighted by the variety of full-time-equivalent undergraduates. Constant {dollars} are primarily based on the Consumer Price Index, ready by the Bureau of Labor Statistics, U.S. Department of Labor, adjusted to an academic-year foundation.
SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Spring 2011 by way of Spring 2019, Fall Enrollment part, and Fall 2010 by way of Fall 2018, Institutional Characteristics part. See
Digest of Education Statistics 2019, desk 330.10.


Between tutorial years 2010–11 and 2018–19, common annual undergraduate tuition and charges for full-time students throughout all degree-granting postsecondary establishments elevated by 19 %, from $11,000 to $13,000.1 Among 4-year establishments, tuition and costs elevated by 13 % between 2010–11 and 2018–19 at public establishments (from $8,200 to $9,200) and by 14 % at non-public nonprofit establishments (from $30,500 to $34,800). In distinction, throughout this era, tuition and costs at non-public for-profit 4-year establishments decreased by 6 % (from $15,700 to $14,700).

At 2-year establishments, the biggest share enhance in tuition and costs from 2010–11 to 2018–19 was at public establishments (18 %, from $2,800 to $3,300). Tuition and costs at non-public nonprofit 2-year establishments elevated by 15 %, from $14,500 in 2010–11 to $16,600 in 2018–19. In distinction, tuition and costs at non-public for-profit 2-year establishments decreased by 3 % between 2010–11 and 2018–19 (from $15,800 to $15,400).


Figure 2. Percentage of first-time, full-time diploma/certificate-seeking undergraduates who have been awarded loan support at degree-granting postsecondary establishments, by degree and management of establishment: Academic years 2010–11 by way of 2017–18

Figure 2. Percentage of first-time, full-time degree/certificate-seeking undergraduates who were awarded loan aid at degree-granting postsecondary institutions, by level and control of institution: Academic years 2010–11 through 2017–18

NOTE: Degree-granting establishments grant affiliate’s or greater levels and take part in Title IV federal monetary support packages. Some knowledge have been revised from beforehand revealed figures. Data for public 2-year establishments exclude 2011–12 and 2012–13. Includes solely loans made on to students; doesn’t embody Parent PLUS Loans or different loans made immediately to folks.
SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Winter 2011–12 by way of Winter 2018–19, Student Financial Aid part. See Digest of Education Statistics 2019, desk 331.20; Digest of Education Statistics 2018, desk 331.20; and Digest of Education Statistics 2017, desk 331.20.

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Some 44 % of first-time, full-time diploma/certificate-seeking undergraduate students have been awarded loan support in 2017–18, a 6 share level lower from 2010–11 (50 %).2 At public 4-year establishments, the share of undergraduates who have been awarded loans decreased by 5 share factors, from 51 % in 2010–11 to 46 % in 2017–18. Likewise, at non-public nonprofit 4-year establishments, the share of undergraduates who have been awarded loans decreased by 6 share factors, from 64 % in 2010–11 to 59 % in 2017–18. Among 4-year establishments, the largest lower within the share of students who have been awarded loans was at non-public for-profit establishments (18 share factors), from 83 % in 2010–11 to 65 % in 2017–18.

Among public 2-year establishments, the share of students who have been awarded loans was 4 share factors greater in 2017–18 (19 %) than in 2010–11 (15 %). The share of undergraduates who have been awarded loans at non-public nonprofit 2-year establishments was 24 share factors greater in 2017–18 (88 %) than in 2010–11 (64 %), with most of the change occurring between 2013–14 and 2015–16. At non-public for-profit 2-year establishments, nonetheless, the share of undergraduates who have been awarded loans was 10 share factors decrease in 2017–18 (71 %) than in 2010–11 (82 %).


Figure 3. Average annual loan quantities for first-time, full-time diploma/certificate-seeking undergraduates who have been awarded loan support at degree-granting postsecondary establishments, by degree and management of establishment: Academic years 2010–11 by way of 2017–18

Figure 3. Average annual loan amounts for first-time, full-time degree/certificate-seeking undergraduates who were awarded loan aid at degree-granting postsecondary institutions, by level and control of institution: Academic years 2010–11 through 2017–18

NOTE: Degree-granting establishments grant affiliate’s or greater levels and take part in Title IV federal monetary support packages. Some knowledge have been revised from beforehand revealed figures. Data for public 2-year establishments exclude 2011–12 and 2012–13. Includes solely loans made on to students; doesn’t embody Parent PLUS Loans or different loans made immediately to folks. Constant {dollars} are primarily based on the Consumer Price Index, ready by the Bureau of Labor Statistics, U.S. Department of Labor, adjusted to an academic-year foundation.
SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Winter 2011–12 by way of Winter 2018–19, Student Financial Aid part. See Digest of Education Statistics 2019, desk 331.20; Digest of Education Statistics 2018, desk 331.20; and Digest of Education Statistics 2017, desk 331.20.


Overall, the typical annual loan quantity that first-time, full-time diploma/certificate-seeking undergraduate students have been awarded decreased by 5 % between 2010–11 and 2017–18 (from $7,600 to $7,200). At public 4-year and personal nonprofit 4-year establishments, loan quantities have been comparable in 2017–18 and 2010–11 ($7,000 in each years at public 4-year establishments and $8,400 in each years at non-public nonprofit 4-year establishments). In distinction, at non-public for-profit 4-year establishments, the loan quantity was 13 % decrease in 2017–18 ($8,500) than it was in 2010–11 ($9,800).

At public 2-year establishments, the loan quantity was 14 % decrease in 2017–18 ($4,800) than it was in 2010–11 ($5,500). The loan quantity was 7 % decrease at non-public nonprofit 2-year establishments in 2017–18 ($7,400) than it was in 2010–11 ($8,000) and 17 % decrease at non-public for-profit 2-year establishments in 2017–18 ($7,400) than it was in 2010–11 ($8,900).

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In 2017–18, the loan quantity for students at non-public for-profit 4-year establishments ($8,500) was greater than the quantity for students in any respect different classes of establishments (public, non-public nonprofit, and personal for-profit 2-year establishments and private and non-private nonprofit 4-year establishments).


Figure 4. Percentage of undergraduate diploma/certificates completers who ever obtained loans, by diploma sort and management of establishment: Academic yr 2015–16

Figure 4. Percentage of undergraduate degree/certificate completers who ever received loans, by degree type and control of institution: Academic year 2015–16

NOTE: Degree-granting establishments grant affiliate’s or greater levels and take part in Title IV federal monetary support packages. Includes solely loans made on to students; doesn’t embody Parent PLUS Loans or different loans made immediately to folks. Although rounded numbers are displayed, the figures are primarily based on unrounded knowledge.
SOURCE: U.S. Department of Education, National Center for Education Statistics, 2015–16 National Postsecondary Student Aid Study (NPSAS:16). See Digest of Education Statistics 2019, desk 331.95.


Among undergraduate students who accomplished an undergraduate diploma or certificates in the 2015–16 tutorial yr, 62 % ever obtained not less than one loan. The share who ever obtained loans was lowest amongst those that attended public establishments. Among certificates completers, 45 % of those that attended public establishments, 80 % of those that attended non-public nonprofit establishments, and 88 % of those that attended non-public for-profit establishments ever obtained loans. Among affiliate’s diploma completers, 41 % of those that attended public establishments, 84 % of those that attended non-public nonprofit establishments, and 88 % of those that attended non-public for-profit establishments ever obtained loans. Among bachelor’s diploma completers, 66 % of those that attended public establishments, 69 % of those that attended non-public nonprofit establishments, and 86 % of those that attended non-public for-profit establishments ever obtained loans.


Figure 5. Average cumulative loan quantity for undergraduate diploma/certificates completers who ever obtained loans, by diploma sort and management of establishment: Academic yr 2015–16

Figure 5. Average cumulative loan amount for undergraduate degree/certificate completers who ever received loans, by degree type and control of institution: Academic year 2015–16

NOTE: Degree-granting establishments grant affiliate’s or greater levels and take part in Title IV federal monetary support packages. Includes solely loans made on to students; doesn’t embody Parent PLUS Loans or different loans made immediately to folks. Constant {dollars} are primarily based on the Consumer Price Index, ready by the Bureau of Labor Statistics, U.S. Department of Labor, adjusted to an academic-year foundation. Averages exclude students with no student loans.
SOURCE: U.S. Department of Education, National Center for Education Statistics, 2015–16 National Postsecondary Student Aid Study (NPSAS:16). See Digest of Education Statistics 2019, desk 331.95.


The common cumulative loan quantity borrowed (not proven) amongst 2015–16 undergraduate diploma/certificates completers who ever obtained loans was lowest amongst certificates completers ($16,500), adopted by affiliate’s diploma completers ($19,700) and bachelor’s diploma completers ($31,800).3 Among bachelor’s diploma completers, those that attended public establishments obtained the bottom cumulative loan quantity ($28,600), adopted by those that attended non-public nonprofit establishments ($33,900) and people who attended non-public for-profit establishments ($43,900). Among affiliate’s diploma completers, those that attended public establishments obtained a decrease cumulative loan quantity ($16,600) than those that attended non-public nonprofit establishments ($26,400) and people who attended non-public for-profit establishments ($28,100). Among certificates completers, nonetheless, there have been no measurable variations in cumulative loan quantities between those that attended public, non-public nonprofit, or non-public for-profit establishments.

Ten % of 2015–16 undergraduate diploma/certificates completers had mother and father who obtained PLUS loans.4 A decrease share of affiliate’s diploma completers had mother and father who obtained PLUS loans (5 %) than did certificates completers (7 %) and bachelor’s diploma completers (15 %). Among bachelor’s diploma completers, 17 % of those that attended non-public nonprofit establishments had mother and father who obtained PLUS loans, in contrast with 14 % of those that attended public establishments and 13 % of those that attended non-public for-profit establishments.

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The common PLUS loan quantity for the mother and father of bachelor’s diploma completers ($34,700) was greater than for folks of certificates completers ($13,700) and of affiliate’s diploma completers ($13,800). Average PLUS loan quantities amongst mother and father of bachelor’s diploma completers diversified by institutional management, with mother and father of those that attended non-public nonprofit establishments borrowing essentially the most ($44,600), in contrast with those that attended public establishments ($29,300) and non-public for-profit establishments ($33,900).


1 All greenback quantities on this indicator are expressed in fixed 2018–19 {dollars}.
2 Includes solely loans made on to students. Does not embody Parent PLUS Loans or different loans made immediately to folks.
3 Loan knowledge from the National Postsecondary Student Aid Study (NPSAS) introduced in figures 4 and 5 will not be corresponding to knowledge from the Integrated Postsecondary Education Data System (IPEDS) introduced in figures 1 by way of 3. NPSAS incorporates knowledge from institutional data, the National Student Loan Data System, and student-reported data, whereas IPEDS depends solely on institutional data.
4 Parent PLUS Loans are taken out by mother and father of dependent students and are used towards the students’ undergraduate schooling. Parent PLUS Loans have been obtainable by way of each the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan Program (FFELP) till FFELP was discontinued in 2010. Since then, Parent PLUS Loans have been known as Direct PLUS Loans.


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