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2 days ago · Take a look at current student loan debt statistics in the U.S. broken down by age, race, gender and other demographics. Around 42 million adults in the U.S. carry student loan debt.
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Apr 18, 2024 · Average Student Loan Debt by Race. 50% of Black adults have student loan debt, with an average balance of $9,800; 44% of white adults have student loan debt, with an average...
- Alicia Hahn
Non-Hispanic White men, the second-largest student debt group, owed $278 billion in student loans. Non-Hispanic Black women carried $110 billion and Hispanic women an estimated $54 billion in student debt.
Black women in particular bear a heavy burden; in 2022, over 43 percent of Black women who attended at least some college carried a student loan balance, more than any other demographic...
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.
Jun 13, 2023 · The 2021 SIPP data show that the plan to reduce student loans by $10,000 would completely wipe out balances for 29.0% of those with student debt and that certain demographic groups would benefit more than others. In addition, any payments made after March 2020 can be refunded and then forgiven.
The median amount of education debt in 2021 among those with any outstanding debt for their own education was between $20,000 and $24,999. One-quarter of student loan borrowers had less than $10,000 in outstanding student debt (figure 40). Student debt balances vary across different demographic groups.
