Student Borrowing Increases Among Affluent in U.S., Study Shows
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Students from affluent families are taking out loans for college at twice the rate of two decades ago, the fasting-growing borrower’s group.
Fifty percent of graduates in the class of 2012 whose parents had incomes of more than $125,700 left college with loans, up from 24 percent about 20 years earlier, according to a study released today by the Pew Research Center. For graduates whose parental income was below $44,000, the rate rose to 77 percent from 67 percent.