The Illinois Public Agenda for College and Career Success - One Illinois

A Blueprint for the Future of Illinois

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Goal 2: Ensure College Affordability
Student Debt

 

Performance Measures Year 2 Benchmarks
Student Debt.  Average amount of debt per student. Data by state were recently released for 2008 and are provided to compare Illinois to the national average and selected states. 
  • Selected competitor/ neighboring U.S. states

Points of Interest

  • Illinois performs close to the national average in the monies borrowed and percentage of college students borrowing money. 
  • In Illinois, 48.4 percent of undergraduate students borrowed money in 2007-08; the average loan was $6,077.

Figure 2.5.  Average amount of student loan aid received by first-time full-time undergraduates in Illinois, the U.S., four high population states, and five state surrounding Illinois.  Undergraduate level includes those enrolled in a bachelorís degree program, an associateís degree program, or a vocational or technical program below the baccalaureate.  Loan amounts include all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans but does not include PLUS and other loans made directly to parents.   Institutions reported to IPEDS in Spring 2009 for the 2007-08 academic year.  The data for private includes 2-year and 4-year or above institutions.

Figure 2.5. Average amount of student loan aid received by first-time full-time undergraduates in Illinois, the U.S., four high population states, and five state surrounding Illinois. Undergraduate level includes those enrolled in a bachelorís degree program, an associateís degree program, or a vocational or technical program below the baccalaureate. Loan amounts include all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans but does not include PLUS and other loans made directly to parents. Institutions reported to IPEDS in Spring 2009 for the 2007-08 academic year. The data for private includes 2-year and 4-year or above institutions.