- Only 37 percent of student borrowers who started repaying their loans in 2005 were able to fully pay them back on time.
- College seniors who graduated in 2009 had an average of $24,000 in student loan debt, up 6 percent from 2008.
- Total student debt is estimated at about $896 billion — more than the nation’s credit-card debt.
- Meanwhile, default rates have been rising, to 7 percent, for the 2008 fiscal year, the latest period for which data is available, from 5.2 percent in the 2006 fiscal year.
- For profit colleges make up about 12 percent of the nation’s college enrollment, and get a quarter of all federal student aid — but they account for almost half of all students who default.
All data from
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