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Industry: Email Alert RSS FeedThe Kiplinger Monitor - student loans under the microscope - Brief Article
Kiplinger's Personal Finance Magazine, Oct, 2001 by Magali Rheault
COLLEGE BILLS | Student loans make the grade
70% Percentage of undergraduates at four-year institutions where tuition and fees are less than $8,000 a year.
55% Percentage of undergraduates who received some type of financial aid in the 1999-2000 academic year, versus 43% ten years earlier.
59% Average percentage of a financial-aid package derived from loans, versus 49% ten years ago.
29% Percentage of undergraduates who took out student loans, up from 19% ten years earlier.
18% Percentage of grads who repaid their undergraduate loans in full within four years of graduation.
$4,878 Average loan amount received by an undergraduate at a public, four-year institution for the 1999-2000 academic year.
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$6,295 Average loan amount received by an undergraduate at a private, four-year institution.
82% Percentage of parents of high school students who think students have to borrow too much money to pay for college.
SOURCES: The College Board; National Center for Education Statistics; National Center for Public Policy in Higher Education
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