Students with federal loans for higher education U.S. 2023, by repayment status

Published by
Veera Korhonen,
Jul 5, 2024
As of the second quarter of the fiscal year of 2023, about one percent of federal education loan recipients in the United States were in repayment. A further 62 percent of student loans were in forbearance. This is due to the impact of the coronavirus (COVID-19) pandemic, where the U.S. Congress moved student loans into forbearance in order to alleviate the financial impact of the pandemic on borrowers.

Distribution of federal education loan recipients in the United States as of second quarter fiscal year 2023, by repayment status

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Release date

October 2023

Region

United States

Survey time period

Q2 FY 2023

Supplementary notes

The second quarter of FY 2023 ended on March 31, 2022.
Includes both loans made under the Federal Direct and Federal Family Education Loan (FFEL) programs and held by the Department of Education. Excludes the $183 billion in outstanding FFEL loans not held by the federal government.

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