Federal Student Loan debt of Noncompleters

Federal ready student the debt burden of Noncompleters, statistics in focus, emphasis on the median federal student debt acquired by students who do not complete a post-secondary credentials within 6 years to register. It is based on data from the two most recent longitudinal studies to count students in post-secondary level carried out by the National Center for Education Statistics: students enrolled in 1995-96 (from 2001) and those who first registered in 2003-2004 (in 2009).

Highlights include:

In 2009, the percentage of noncompleters after 6 years various 19 percent of students in private 4 years and 46% not-for-profit institutions in public colleges of 2 years or for-profit institutions. Only for students in schools for profit (from 35 to 46%), an increase was observed in the abandonment between 2001 and 2009.

In 2009, from loan federal student loan programs ranged from 25 percent students in public colleges from 2 years to 86% in for-profit institutions; comparable rates for students from 4 years 4 years private nonprofit and public institutions were 54% and 66%, respectively. Note: these rates are for noncompleters.

In 2009, the total amount borrowed by earned credit was higher in the noncompleters at establishments in profit ($350 per credit, compared to $80 for $190 per credit in the other three sectors).

In 2009, the cumulative federal student median debt for all noncompleters amounted to 35 percent of their annual income; the debt burden was highest for students from 4 years of private non-profit institutions (median debt represents 51 per cent of the annual income borrowers). The debt burden between noncompleters who started in for-profit institutions, increased by 20% to 43% for annual income between 2001 and 2009.

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