Private Loans: Facts and Trends
Analysis of federal data from 2007-08 reveals that two-thirds of private loan borrowers did not take out all they could in safer, more affordable federal loans. This fact sheet also finds that a majority of private loan borrowers in 2007-08 attended schools with tuition and fees of $10,000 or less, and that African-American students were the most likely to take out private student loans.
