{"id":40182,"date":"2014-10-07T10:56:56","date_gmt":"2014-10-07T15:56:56","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2014\/10\/07\/trends-in-amounts-borrowed\/"},"modified":"2024-04-14T04:09:06","modified_gmt":"2024-04-14T09:09:06","slug":"trends-in-amounts-borrowed","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/trends-in-amounts-borrowed\/","title":{"rendered":"Trends in Amounts Borrowed"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Among graduates of the class of 2011-12, the typical student borrower owed about $26,900 in student debt. This is roughly double the amount owed by the typical borrower from the class of 1992-93 ($12,400).<\/p>\n\n<p class=\"wp-block-paragraph\">Unlike the clear patterns for borrowing rates, the increase in the median amounts borrowed by graduates has been fairly uniform across subgroups of graduates.<\/p>\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/the-changing-profile-of-student-borrowers\/st-2014-10-07-student-debtors-10\/\" rel=\"attachment wp-att-19910\"><img data-dominant-color=\"f4f4f3\" data-has-transparency=\"false\" style=\"--dominant-color: #f4f4f3;\" decoding=\"async\" sizes=\"(max-width: 620px) 100vw, 620px\" class=\"wp-image-19910 not-transparent\" src=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/2014\/10\/ST-2014-10-07-student-debtors-10.png\" alt=\"Median Cumulative Debt by Borrowers Has Increased Regardless of Parental Income\" ><\/a><\/figure>\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/the-changing-profile-of-student-borrowers\/st-2014-10-07-student-debtors-11\/\" rel=\"attachment wp-att-19911\"><img decoding=\"async\" class=\"wp-image-19911\" src=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/2014\/10\/ST-2014-10-07-student-debtors-11.png\" alt=\"Increase in Total Indebtedness Has Grown Across the Board\" ><\/a><\/figure>\n\n<p class=\"wp-block-paragraph\">In the class of 2011-12 borrowers from the lowest income quartile typically owed $23,081, a 65% increase over the $13,989 owed by the median borrower from the lowest income quartile in the class of 1992-93. The median amount borrowed by graduates from the lower-middle income quartile increased slightly more: 133% between 1992-93 ($10,880) and 2011-12 ($25,363).The percentage increase in the amounts borrowed for graduates from higher income backgrounds was somewhat less than 133%.<\/p>\n\n<p class=\"wp-block-paragraph\">The median amounts borrowed roughly doubled regardless of parental education or gender (see additional figures in Appendix A).<\/p>","protected":false},"excerpt":{"rendered":"<p>Among graduates of the class of 2011-12, the typical student borrower owed about $26,900 in student debt. This is roughly double the amount owed by the typical borrower from the class of 1992-93 ($12,400). Unlike the clear patterns for borrowing rates, the increase in the median amounts borrowed by graduates has been fairly uniform across [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sub_headline":"","sub_title":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"apple_news_api_id":"","apple_news_api_revision":"","apple_news_api_created_at":"","apple_news_api_modified_at":"","apple_news_api_share_url":"","apple_news_api_pending":"","apple_news_is_preview":false,"apple_news_is_hidden":false,"relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"displayBylines":true,"footnotes":"","prc_watchers":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"jetpack_post_was_ever_published":false},"categories":[],"tags":[],"bylines":[984],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[],"research-teams":[519],"workflow-status":[],"class_list":["post-40182","post","type-post","status-publish","format-standard","hentry","bylines-richard-fry","formats-report","research-teams-social-trends"],"label":false,"post_parent":40194,"word_count":141,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/trends-in-amounts-borrowed\/","art_direction":{"A1":{"id":51756,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png?w=260&h=260&crop=1","width":260,"height":260,"chartArt":false},"A2":{"id":51756,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png?w=260&h=151&crop=1","width":260,"height":151,"chartArt":false},"A3":{"id":51756,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png?w=194&h=110&crop=1","width":194,"height":110,"chartArt":false},"A4":{"id":51756,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png?w=260&h=151&crop=1","width":260,"height":151,"chartArt":false},"XL":{"id":51756,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png?w=260&h=260&crop=1","width":260,"height":260,"chartArt":false},"social":{"id":51756,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2014\/10\/ST_14.09.15_StudentDebtGrowth_HP.png?w=260&h=260&crop=1","width":260,"height":260,"chartArt":false}},"_embeds":[],"watchers":[],"table_of_contents":[{"id":40194,"title":"The Changing Profile of Student Borrowers","slug":"the-changing-profile-of-student-borrowers","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/the-changing-profile-of-student-borrowers\/","is_active":false},{"id":40138,"title":"The Growth in Student Debt","slug":"the-growth-in-student-debt","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/the-growth-in-student-debt\/","is_active":false},{"id":40152,"title":"Cumulative Student Debt Among Recent College Graduates","slug":"cumulative-student-debt-among-recent-college-graduates","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/cumulative-student-debt-among-recent-college-graduates\/","is_active":false},{"id":40165,"title":"Who\u2019s Borrowing?","slug":"whos-borrowing","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/whos-borrowing\/","is_active":false},{"id":40182,"title":"Trends in Amounts Borrowed","slug":"trends-in-amounts-borrowed","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/trends-in-amounts-borrowed\/","is_active":true},{"id":40092,"title":"Ownership of Debt by New College Graduates","slug":"ownership-of-debt-by-new-college-graduates","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/ownership-of-debt-by-new-college-graduates\/","is_active":false},{"id":40043,"title":"Possible Explanations for the Increase in Borrowing by Middle- and High-Income Students","slug":"possible-explanations-for-the-increase-in-borrowing-by-middle-and-high-income-students","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2014\/10\/07\/possible-explanations-for-the-increase-in-borrowing-by-middle-and-high-income-students\/","is_active":false},{"id":40077,"title":"Explanations for the General Increase in 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