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Average Student Loan Debt in the United States. $1.75 trillion in total student loan debt (including federal and private loans) $28,950 owed per borrower on average. About 92% of all student debt ...
Average student loan debt by state. Average student loan debt ranged from $28,921 in North Dakota up to $53,782 in Washington, D.C. for 2024, according to the latest data from Education Data ...
The average student loan debt grows with age, according to federal data. Despite making up just 4.2% of total federal loan borrowers, people aged 62 and older have the highest average balance at ...
In June, 43.6 million Americans held federal student loan debt, with an average balance of $38,000 per borrower. In total, the U.S. has a collective balance of over $1.7 trillion in student loans.
The average student loan debt borrowed for a four-year bachelor’s degree was $30,500 in 2019-2020, according to the National Center for Education Statistics (NCES). The average federal student loan debt has more than doubled since 2007, from $18,233 in 2007 to $37,850 in 2024.
Overall, the average annual loan amount awarded to first-time, full-time degree/certificate-seeking undergraduate students who received student loans decreased by 8 percent between 2010–11 and 2020–21 (from $8,400 to $7,700). 2 At 2-year institutions, average annual loan amounts decreased between 2010–11 and 2020–21 across institutions ...
In the United States, young and middle-aged adults hold the majority of student loan debt. Borrowers aged 35 to 49 had the most outstanding student debt as of Q1 2023, owing over 620 billion U.S ...
The average student loan debt was $29,400 for 2021-22 graduates. Higher-income families tend to have higher average student loan debts. Student loan debt is highest among Black families, compared ...
The issue of student loan debt cuts across generations. As of the third quarter of 2024, borrowers between the ages of 25 and 34 held $485 billion in federal student loan debt. Adults aged 35 to ...
For borrowers with federal student loans, the average student loan debt in America is $37,056, according to the Department of Education's most recent data from Q4 2023. Out of the total student debt, $1.602 trillion are federal loans, according to Federal Student Aid data for Q4 2023, and $130.28 billion are private loans, according to the ...
The average student loan debt in the U.S. in 2021 was $37,693. There’s a slight increase from the $36,510 recorded average in 2020. Since 2007, the average debt has more than doubled. Of all consumer debt categories, student loan debt is the second-highest after mortgages. It has reached $1.75 trillion.
The average federal student loan debt held as of the third quarter of 2024 is $$38,175. Black Americans hold an average (median) of $26,000 in student loan debt, while white Americans have $25,000 ...