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In 2007-08, 35% of undergraduate students took out Stafford Loans and 65% did not. Among full-time undergraduates, 50% took out Stafford Loans and 50% did not. |
Note: Graph includes both full-time and part-time students, and students who attended less-than-half-time (13% of students), and who do not
qualify for Stafford loans but do qualify for some nonfederal loans. Among students who are enrolled at least half-time, 40% took Stafford Loans in
2007-08. Percentages may not sum to 100 due to rounding.
Source: National Postsecondary Student Aid Study (NPSAS), 2008.
Download Excel for this figure. Download Excel for all figures and tables.
Source: National Postsecondary Student Aid Study (NPSAS), 2008.
Download Excel for this figure. Download Excel for all figures and tables. - Only 10% of public two-year college students borrowed Stafford Loans in 2007-08, compared to 42% of
public four-year students, 55% of private not-for-profit four-year students, and 88% of students in the for-profit sector.More
- Thirteen percent of all students (36% of borrowers) relied only on subsidized Stafford Loans,
on which the government pays the in-school interest. Seventeen percent of all students (50% of borrowers) relied on a combination of subsidized and unsubsidized Stafford Loans.More
Also Important
- As of 2008-09, the borrowing limit for unsubsidized Stafford Loans has increased, but the borrowing
limit for subsidized loans has not. As a result, the proportion of students using only subsidized loans is likely to decline.More
- The interest rate on subsidized Stafford Loans
was 6.0% in 2008-09, is 5.6% in 2009-10,
and is scheduled to decline to 3.4% in 2011-12. The interest rate on unsubsidized Stafford Loans is fixed at 6.8%.More
