Search results for: “middle class”

Another way of looking at changing patterns in student borrowing is to look at how all student debt is distributed across various groups. In the class of 1992-93, graduates from the lowest income quartile owed 40% of the class’ overall student debt. In other words, the poorest quarter of graduates owed 40% of the class’ […]

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 […]

In looking at student debt, two measures of a college graduate’s family affluence are typically considered: family income and parents’ educational attainment (Ellwood and Kane, 2000). The income analysis focuses on college graduates who were dependent on their parents for financial support and looks at the income of a graduate’s parents in the year before […]