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Student Loan and Default Rates
Student Loan and Default Rates
Loan Amounts for undergraduates in Education Degrees
| Loan Type | 2012-2013 | 2013-2014 | 2014-2015 | 2015-2016 | 2017-2018 |
|---|
| Parent Plus Loan | $1,725,265 | $1,184,636 | $989,441 | $1,134,391 | $1,083,927 |
| Private Loans | $463,064 | $463,561 | $269,952 | $310,456 | $416,570 |
| Purdue Loan | $210,560 | $214,256 | $135,027 | $187,766 | $362,422 |
| Stafford Loan | $3,044,171 | $3,044,171 | $2,293,748 | $2,033,527 | $1,965,681 |
Aggregate Loans for Undergraduate Education Students & ParentsPurdue University Undergraduate Level of Loan Balance at Graduation
| Loan Amount | Number Graduating Students | Percent Graduating Students by Loan Balance |
|---|
| $0 | 4,146 | 59% |
| $1-$9,999 | 499 | 7% |
| $10K-$24,999 | 1,010 | 14% |
| $25K-$49,999 | 1,083 | 15% |
| $50K-$74,999 | 156 | 2% |
| $75K+ | 128 | 2% |
Percent of Graduating Students by Loan Balance
|
Percent Graduating Students by Loan Balance |
| Total Graduating Students |
7,022 |
100% |
| Total Graduating Borrowers |
2,876 |
40% |
Total Percent of Graduating Students by Loan Balance
