Students Borrowing Dramatically More To Pay For College

10/18/2009 05:12 am ET | Updated May 25, 2011
  • ANNE MARIE CHAKER The Wall Street Journal

Students are borrowing dramatically more to pay for college, accelerating a trend that has wide-ranging implications for a generation of young people.

New numbers from the U.S. Education Department show that federal student-loan disbursements--the total amount borrowed by students and received by schools--in the 2008-09 academic year grew about 25% over the previous year, to $75.1 billion.

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