An article from Pew Research Center, "The Rise of College Student Borrowing," details the continued rise of student debt. The report was based off of Pew analysis of National Center for Education Statistics data. The analysis and report reveal that the level of borrowing has increased sharply over the past 15 years.
Among Pew Research Center's findings:
- 60% of students are borrowing.
- Average debt for those borrowers graduating with bachelor's degrees has increased to increased to about $23,000.
- A greater percentage of students at for-profit schools borrow money than students at not-for-profit schools, and such students tend to borrow more.
