July 9, 2009

More Students Borrow More Money to Pay for College

By Beckie Supiano

More students are borrowing to pay for college, and that is especially true at for-profit colleges, according to an analysis of U.S. Department of Education data released today.

Nearly 53 percent of full-time undergraduate students borrowed money to attend college in 2007-8, compared with 49.5 percent in 2003-4, according to the Education Sector's analysis of data from the National Postsecondary Student Aid Study. The proportion of students who borrowed at public two-year

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