This Data Point focuses on undergraduate program completers, that is, undergraduates who completed or expected to complete a degree or certificate program in academic years 1995-96, 1999-2000, 2003-04, 2007-08, 2011-12, or 2015-16. It compares their student loan borrowing rates and average cumulative amounts borrowed across five age groups and describes trends in borrowing over time. The analysis is limited to program completers in order to measure total borrowing for a degree or certificate. Data in this report are from six iterations of the National Postsecondary Student Aid Study (NPSAS), a large, nationally representative sample survey of students that focuses on how they finance their education. The NPSAS samples used in this report represent all undergraduates who were enrolled in Title IV eligible institutions in the 50 states and the District of Columbia in 1995-96, 1999-2000, 2003-04, 2007-08, 2011-12, and 2015-16 and who completed or expected to complete a degree or certificate in the survey year.