Borrowing Rates for Wealthy Soar - Michael Stratford, Inside Higher Ed

All college graduates are more likely than they were two decades ago to have financed their education with loans. But the likelihood of borrowing increased the most among students from the nation’s wealthiest families, according to a new Pew Research Center analysis of government data. The center’s report, published Tuesday, shows that the share of graduates from families in the top income quartile who borrowed to pay for college more than doubled between 1992-93 and 2011-12, from 24 percent to 50 percent. For the second-highest income-quartile, the borrowing rate increased by more than 80 percent. https://www.insidehighered.com/news/2014/10/08/wealthy-families-increasingly-take-out-loans-pay-college-study-finds