In the academic year 2022-23, the average borrowing for college among students in the form of federal student loans amounted to 7,252 U.S. dollars. This is an increase from the previous year, when student borrowing amounted to 6,444 U.S. dollars on average.
College student use of federal loans, year-over-year, in the United States between 2011 and 2023, by average amount borrowed
(in U.S. dollars)
Year
Average amount borrowed in U.S. dollars
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Sallie Mae. (July 20, 2023). College student use of federal loans, year-over-year, in the United States between 2011 and 2023, by average amount borrowed (in U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/
Sallie Mae. "College student use of federal loans, year-over-year, in the United States between 2011 and 2023, by average amount borrowed (in U.S. dollars)." Chart. July 20, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/
Sallie Mae. (2023). College student use of federal loans, year-over-year, in the United States between 2011 and 2023, by average amount borrowed (in U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/
Sallie Mae. "College Student Use of Federal Loans, Year-over-year, in The United States between 2011 and 2023, by Average Amount Borrowed (in U.S. Dollars)." Statista, Statista Inc., 20 Jul 2023, https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/
Sallie Mae, College student use of federal loans, year-over-year, in the United States between 2011 and 2023, by average amount borrowed (in U.S. dollars) Statista, https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/ (last visited August 25, 2024)
College student use of federal loans, year-over-year, in the United States between 2011 and 2023, by average amount borrowed (in U.S. dollars) [Graph], Sallie Mae, July 20, 2023. [Online]. Available: https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/