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Undergraduate Student Loans
Total loan dollars and the share of undergraduates with loans increased in 2021 compared to the year prior, however, total loans are were still over $280 millions lower in 2021 than a decade prior and the share of undergraduates with loans was significantly lower in 2021 than 2011.
Notes: Total loans reflect the amount of loan dollars awarded to first-time, full-time undergraduates at public two- and four-year institutions. Share of undergraduates with federal loans is restricted to first-time, full-time undergraduates. Average debt of bachelor’s degree graduates is the cumulative debt among completers who borrowed at public and private four-year institutions. Undergraduate loan data not available for the Commonwealth of the Northern Mariana Islands. Average Debt for Completers data not available for the Commonwealth of the Northern Mariana Islands or Guam.
Sources: National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Student Financial Aid, 2011-12 to 2021-22 and The Institute for College Access and Success, The Project on Student Debt, Class of 2020.
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