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A federal study on student loan repayment released Thursday indicates that as borrowing rates have increased, starting salaries have stagnated and repayment rates have declined.

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Update: This post has been updated to include a searchable database of loan default rates for Michigan's colleges and universities.

LANSING -- A federal study of student loan borrowing and repayment over 15 years shows that fewer students have started repaying loans within a year of graduation even as the number of students borrowing has increased.

The National Center for Education Statistics released the report Thursday after re-opening from the more than two-week government shutdown.

The report studied three groups of student loan borrowers in 1992-93, 1999-2000 and 2008-09 to examine the rates of borrowing and how quickly graduates began repaying their loans.

Adjusted to 2009 dollars, the average amount borrowed increased from $15,000 in 1992 to $24,700 in 2009, while the percentage of college students borrowing for undergraduate education increased from 49 percent in 1992 to 66 percent in 2009.

The largest increase in borrowing was for students attending for-profit colleges, the study indicates, with 90 percent of students in 2009 taking out loans compared to 70 percent in 1992.

The repayment rate for graduates in the first year after graduating declined from 66 percent in 1992 to 60 percent in 2009, with a corresponding increase in the percentage of students who still owe money but are not in repayment.

Starting salaries for first-time borrowers remained stagnant over the period and actually declined from 2001 to 2009, with the average salary going from $33,200 in 1992 to $39,300 in 2001 but receding to $34,400 for the 2009 group.

The study is based on data collected through the Baccalaureate and Beyond Longitudinal Study, a federal survey which tracks outcomes for college students who have borrowed federal student loans.

To see how Michigan's college students are doing at repaying student loans, search the database below to find your college’s three-year default rate and how it changed between 2009 and 2010.

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Brian Smith is the statewide education and courts reporter for MLive. Email him at bsmith11@mlive.com or follow him on Twitter or Facebook.