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Jun 24, 2024 · Average student loan debt ranged from $18,344 in Utah up to $39,928 in New Hampshire for the graduating class of 2020, according to the latest data from The Institute for College Access and...
Jul 16, 2023 · About 92% of all student debt are federal student loans; the remaining amount is private student loans. 55% of students from public four-year institutions had student loans. 57% of students from...
Although rounded numbers are displayed, the figures are based on unrounded data. Among federal student loan borrowers who completed a bachelor’s degree in 2015–16, the average amount owed as a percentage of the amount borrowed 5 as of 4 years later (2020) was 78 percent.
May 30, 2024 · According to the Department of Education, as of March 2024, the average student loan debt for federal loans was about $37,850. That's approximately $1.6 trillion of outstanding debt divided by a total of 42.8 million borrowers. [1] However, what individual borrowers owe varies considerably.
Aug 24, 2022 · According to the Federal Reserve, borrowers collectively held more than $1.5 trillion in student debt in the second quarter of 2022. Student debt is the largest consumer debt category after...
Feb 6, 2024 · According to the Federal Reserve’s 2021 and 2022 data, 30% of all U.S. adults took on some form of debt to go to college. Student loans were by far the most common borrowing option: 96% of...
Aug 26, 2022 · The typical undergraduate student with loans now finishes school with nearly $25,000 in debt, an Education Department analysis shows. According to the plan, borrowers will be eligible for...
Jul 3, 2024 · 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,...
Dec 13, 2023 · The average college student borrows $29,100 in loans to pay for their degrees. More than 2 in 5 Americans ( 44%) think students aren’t educated enough about the financial implications borrowing...
Quick Facts. Average Student Loan Debt. by State. by Age. by Gender and Race. Federal Student Loan Debt. Private Student Loan Debt. Quick Student Loan Debt Statistics. Average student loan debt per borrower: $32,731. Total student loan debt: $1.52 trillion. Number of student loan borrowers: 44.7 million.
