Amount borrowed Student and institutional characteristics Percent who borrowed Average amount Less than $10,000 $10,000– 14,999 $15,000– 29,999 $30,000– 54,999 $55,000 or more Total 44.8 $33,200 23.2 10.3 27.0 20.1 19.4 Type of degree-granting institution Public 4-year 44.4 31,200 25.5 10.2 26.9 19.3 18.1 Non-doctorate-granting 40.0 25,000 27.3 11.3 32.4 18.3 10.7 Doctorate-granting 46.5 33,900 24.7 9.7 24.6 19.8 21.2 Private not-for-profit 4-year 45.9 36,600 20.3 10.3 25.7 21.8 21.8 Non-doctorate-granting 46.1 31,300 24.8 8.9 27.5 21.6 17.1 Doctorate-granting 45.7 42,300 15.5 11.8 23.8 22.1 26.8 Other 41.3 31,900 11.2 11.2 43.2 15.7 18.8 Undergraduate major Business and management 34.3 28,700 28.1 7.1 28.9 19.4 16.5 Education 34.3 23,000 37.4 12.5 25.5 12.9 11.8 Engineering, mathematics, or science 47.1 47,400 19.1 8.7 19.2 19.7 33.4 Humanities or social sciences 52.8 32,800 20.0 8.5 31.3 21.5 18.7 Other 47.4 28,100 21.6 14.3 28.0 22.9 13.2 Amount borrowed (undergraduate) Did not borrow 36.0 36,900 19.3 7.7 26.5 22.7 23.9 Less than $5,000 45.7 30,300 29.7 9.5 28.4 17.3 15.2 $5,000–9,999 56.3 29,200 28.0 13.0 31.0 12.9 15.1 $10,000–14,999 54.7 28,700 25.7 16.1 23.6 19.4 15.3 $15,000 or more 58.4 35,100 18.7 9.9 25.3 24.9 21.3 Highest enrollment after bachelor’s degree by 2003 Master’s degree 37.9 19,900 30.0 13.2 33.5 18.9 4.5 Doctoral degree 63.1 43,700 18.3 7.6 21.6 21.1 31.5 First-professional degree 71.8 69,200 4.6 2.6 9.4 23.6 59.9 Highest degree earned by 2003 Bachelor’s degree 32.3 23,300 36.2 11.6 26.6 14.4 11.4 Master’s degree 45.4 22,900 23.9 12.6 34.9 22.7 5.9 Doctoral degree 64.3 44,100 21.4 9.6 14.7 19.1 35.2 First-professional degree 78.8 75,500 2.0 1.1 8.2 21.6 67.1 Percent who borrowed Average amount borrowed (by borrowers) Student and institutional characteristics Neither Under- graduate only Graduate only Both Under- graduate only Graduate only Both Total 31.4 23.7 17.7 27.2 $9,600 $36,900 $41,700 Type of degree-granting institution Public 4-year 32.6 23.0 19.5 24.9 8,100 36,500 36,900 Non-doctorate-granting 34.4 25.6 15.9 24.1 7,800 29,100 31,900 Doctorate-granting 31.7 21.7 21.3 25.2 8,200 39,300 39,300 Private not-for-profit 4-year 29.7 24.2 15.3 30.8 12,500 37,500 48,900 Non-doctorate-granting 27.5 26.1 14.5 32.0 12,000 31,500 43,200 Doctorate-granting 32.1 22.3 16.1 29.5 13,000 43,200 55,500 Other 26.9 31.8 7.1 34.2 ‡ ‡ 39,600 Undergraduate major Business and management 39.6 26.4 13.0 21.1 8,900 33,000 38,800 Education 34.6 31.0 12.8 21.7 10,100 28,600 30,800 Engineering, mathematics, or science 29.4 23.3 19.1 28.2 10,000 47,200 57,400 Humanities or social sciences 28.6 18.4 21.8 31.1 9,600 38,200 40,000 Other 29.3 23.4 17.8 29.5 9,500 31,000 37,400 Amount borrowed (undergraduate) Did not borrow 64.0 † 36.0 † † 36,900 † Less than $5,000 † 54.4 † 45.7 2,700 † 32,700 $5,000–9,999 † 43.7 † 56.3 6,900 † 36,200 $10,000–14,999 † 45.3 † 54.7 11,300 † 40,200 $15,000 or more † 41.6 † 58.4 22,400 † 57,700 Highest enrollment after bachelor’s degree by 2003 Master’s degree 34.3 27.8 13.6 24.3 9,500 22,600 29,000 Doctoral degree 23.6 13.2 28.3 34.9 10,400 44,300 54,900 First-professional degree 20.4 7.6 33.6 38.5 ‡ 68,000 82,000 Highest degree earned by 2003 Bachelor’s degree 35.5 32.0 10.8 21.7 9,500 25,500 32,500 Master’s degree 31.8 22.8 17.5 27.9 9,500 25,200 32,500 Doctoral degree 23.7 11.8 31.2 33.3 ‡ 46,600 52,900 First-professional degree 17.8 3.5 37.6 41.1 ‡ 73,900 88,900