Dive Summary:
- For the first time, most undergraduates are receiving some type of federal financial aid, statistics from the U.S. Education Department show.
- This set of statistics is part of a snapshot the department releases every four years, and the 2011-12 data are the first to cover students who enrolled in college after the economic downturn began.
- Even in higher income brackets, there is more borrowing for college: About 46% of students with families making more than $100,000 per year took out loans.
From the article:
... Students at for-profit colleges were especially reliant on federal financial aid programs. More than three-quarters of students at for-profit colleges granting associate or bachelor’s degrees received federal student aid. And an additional 10 percent of students at for-profit colleges granting bachelor’s degrees received veterans’ benefits — a higher proportion than at public or private nonprofit colleges. ...
