This report describes a measure created by Education Sector, the "borrowing to credential ratio", which calculates the total amount of money borrowed by undergraduates at a college divided by the sum of total number of degrees awarded by that college. The borrowing to credential ratio was calculated using data from 2006-07, 2007-08, and 2008-09. Key results include: the ratio has risen sharply in recent years, ratios at for-profits are higher than elsewhere, and there is a wide variation in ratios among states and elite colleges. The report also provides recommendations for tackling the national increase in the borrowing to credential ratio.
Debt to Degree: A New Way of Measuring College Success