More debtors and bigger debts. That's the bottom line in a report on trends in student loans from the National Center for Education Statistics.
More debtors: The percentage of first-time bachelor's degree recipients who borrowed to pay for college climbed from 49.3 percent in 1994 to 65.6 percent in 2009.
Bigger debts: The cumulative amount borrowed by first-time bachelor's degree recipients for their undergraduate education ballooned from $14,700 in 1994 (in 2009 dollars) to $24,700 in 2009--an increase of 68 percent.
Source: National Center for Education Statistics, Trends in Debt for Bachelor's Degree Recipients a Year after Graduation: 1994, 2001, 2009
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