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<classification authority="sudocs">GA 1.13:HEHS-98-63</classification>
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 <subject>Education or training costs</subject>
 <subject>Student loans</subject>
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 <identifier>National Postsecondary Student Aid Study</identifier>
 <identifier>William D. Ford Federal Direct Loan Program</identifier>
 <identifier>Federal Family Education Loan Program</identifier>
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 <title>Higher Education: Students Have Increased Borrowing and Working to Help Pay Higher Tuitions</title>
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<abstract>To cope with rising tuition costs, more students are borrowing money and
more are working. At four-year public schools, graduating seniors who
had borrowed at some point during their college careers rose to 60
percent, up from 42 percent in 1992-93. During the same period, the
percentage of graduating seniors (recipients of bachelor&apos;s degrees) who
owed $20,000 or more rose from nine percent to 19 percent. At the
graduate and professional levels, the picture is mixed, but in general
the percentage of borrowers and the level of debt increased. Higher
borrowing levels were especially pronounced at professional schools,
where average debt among borrowers completing their programs soared from
$45,000 in 1992-93 to nearly $60,000 in 1995-96. More than two-thirds of
full-time undergraduate students held jobs during 1995-96 and worked an
average of 23 hours  a week.</abstract>
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