Indicator 3.7Student loan debt burden of graduating seniors, Universitywide, 2000-01 to 2009-10
While the proportion of students graduating with student loan debt has fallen slightly (from 52.7 percent in 2000-01 to 49.1 percent in 2009-10), the average inflation-adjusted debt at graduation of student borrowers has increased 6.9 percent (from $16,248 to $17,371).
The average student loan debt among graduating UC borrowers in 2009-10 was almost $17,000. The monthly repayment for this amount is about $190 a month for 10 years at the 6 percent interest rate that typically applies to student loans. Longer repayment periods are available that lower the monthly payments.
Here, too, the growing proportion of UC undergraduates coming from relatively high-income families (see 3.5.3) may help explain the slight decrease in the proportion of students graduating with loan debt.
