More than 85 percent of private loan borrowers at the three types of institutions examined attended on a full-time basis. * Private loan borrowers are disproportionately dependent students. * At public and private not-forprofit four-year institutions, the majority of private loan borrowers are middle- and upperincome dependent students, although low-and moderate-income dependent students make up a significant minority. * At for-profit institutions, low-income dependent and independent students and middle-income dependent students make up the bulk of private loan borrowers. * Almost 90 percent of private loan borrowers also apply for other types of aid, and 64 percent receive some type of grant aid.