by Andrew Rombach

The 2015-2016 National Postsecondary Education Student Aid Study (NPSAS:16) showed an overall decline in student loan borrowing compared to its 2011-2012 counterpart, NPSAS:12. The National Center for Education Statistics (NCES) publishes this study every four years on financial aid, and it provides data on loans, grants, work-study, and other financial aid options from federal, state, and private sources.

Using data from 89,000 undergraduate and 24,000 graduate students, the report revealed an interesting find.