Table 5: Means and Standart Deviations of Variables
VariableMeanStandard Deviation
Default.45.50

Proprietary Business
.18
.36
Proprietary Cosmetology.05.21
Proprietary Trade.26.44
2-Yr Public College.10.30
2-Yr Private College.002.04
4-Yr Private College.12.32

1993 Cohort Default Rate (in 5s)
4.1
2.8

Average Estimated Cost of Attendance:
$4,000-$7,000.38.48
$7,000-$10,000.34.47
$10,000-$14,000.16.37
Over $14,000.04.20

Type of Loan:
Unsubsidized only.05.22
PLUS only.09.29
Mix of loans.07.27

Grade level
2.1
1.8

1990 household income (in 1,000) in ZIP code
12.5
5.6

1990 percent Afro-American in ZIP code (in 10s)
1.4
2.1

1990 percent Hispanic in ZIP code (in 10s)
1.1
1.0

Estimated Family Contribution
1.1
1.6

Multiple originating lender
.14
.35

Deferment during Nov. 1991
.07
.25

Age of borrower at time of repayment (in 10s)
2.7
.74

Debt:
2-Yr College or proprietary (in $1,000s)2.02.4
4-Yr College (in $1,000s)2.75.1

Average Estimated Financial Aid
$500-$1,000.09.48
$1,000-$3,000.53.47
$3,000-$5,000.14.37
Over $5,000.05.20

Enrollment Status:
Withdrawn.44.50
Graduated.39.49
Less than half-time.11.31
Other status.00.06

Region:
High Plains.04.21
Northwest Texas.03.17
Metroplex.24.42
Upper East Texas.04.20
Southeast Texas.02.15
Gulf Coast.20.40
South Texas.20.40
West Texas.03.17
Upper Rio Grande.03.18
Outside of Texas.05.22