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.
By the NumBers
Pages to are hidden for
"Students and Private Loans"Please download to view full document