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Jul 16, 2023 · 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 ...
Jun 24, 2024 · Total student loan debt statistics. As of the first quarter of 2023, student loan debt in the U.S. stands at a total of over $1.77 trillion. More than 92% of this is federal student loan debt ...
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.
Overview 10 Premium Statistic Value of outstanding student loans U.S. 2006-2024 Premium Statistic Value of student loan debt outstanding, by repayment status U.S. 2023
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The U.S. Department of Education estimates that in 2017 the total amount owed in federal student loans was $1.37 trillion. Younger adults, particularly those in their late 20s and early 30s, held a disproportionate amount of debt and clear racial and ethnic differences existed in this age group as well. Experiences prior to and during the ...