[cnn-photo-caption image=http://i.l.cnn.net/cnn/2009/LIVING/wayoflife/04/19/college.credit.cards/art.nick.philliou.cnn.jpg caption="College sophomore Nick Philliou says he carries more than $10,000 in debt."]
Project on Student Debt
New federal data show that the percentage of undergraduate students who borrowed private student loans jumped from 5 percent in 2003-04, to 14 percent in 2007-08.
At proprietary (for-profit) colleges and universities, the percentage of students who took out these loans skyrocketed from 13 percent in the 2003-04 school year, to 42 percent last year.
Check out this analysis of the data by the Project on Student Debt.
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