Student loan debt in the United States

Statistics report on student loan debt in the United States

Student loan debt in the United States

This report presents statistics and facts on student loan debt in the United States. The report begins with an overview of the continuing student debt crisis, presenting in-depth information on outstanding student loans and the amount of debt held by borrowers. The report then outlines the demographics of student debt, revealing ongoing inequalities faced by women and people of color and highlighting debt differences within higher education institutions. Further detail is also provided on repayment difficulties and default rates. Ultimately, this report concludes by outlining the political controversy of federal student loan forgiveness, followed by a section divulging the opinions of the American public themselves.

Table of contents

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
  • Premium Statistic Number of student loan borrowers by balance U.S. 2023
  • Basic Statistic Total student loans provided in the U.S. 2001-2023
  • Basic Statistic Share of student loans provided in the U.S. 2001-2024, by source
  • Premium Statistic Amount of student loan debt outstanding, by type U.S. 2024
  • Basic Statistic Amount of student loans offered, by federal loan program U.S. 2017-2023
  • Premium Statistic Student borrowing - percentage borrowing of federal loans U.S. 2010-2024
  • Premium Statistic Student borrowing - federal student loans taken out, by average amount 2011-2024
  • Basic Statistic Average debt of university graduates in the U.S. 2008-2022

Debt demographics

10
  • Premium Statistic Average student loan debt balances in the U.S. 2024, by generation
  • Premium Statistic Total outstanding federal student loan debt U.S. 2023, by age group
  • Premium Statistic Average student loan debt per borrower U.S. 2023, by age group
  • Premium Statistic Share of Americans with student loan debt U.S. 2023, by state
  • Basic Statistic Average student debt U.S. 2020, by state
  • Premium Statistic Share of Americans who currently have student debt U.S. 2022, by race and gender
  • Premium Statistic Share of Americans with at least 25,000 U.S. dollars in student debt 2023, by race
  • Basic Statistic Average U.S. students' undergraduate student loan debt by race 2020
  • Premium Statistic Average share of student debt still owed 4 years after graduation U.S. 2020, by race
  • Premium Statistic U.S. sources of debt of LGBTQI+ adults 2023

Higher education institutions

10
  • Premium Statistic Federal student loan limits for undergraduates U.S. 2023, by year and dependency
  • Basic Statistic Percentage of U.S. students with student loans 2020/21, by institution type
  • Basic Statistic Share of students receiving student aid in the U.S. 2020-2021, by type of aid
  • Basic Statistic Tuition cost and student loan amounts U.S. 2021/22, by institution type
  • Premium Statistic Tuition costs and student loans at U.S. 2-year institutions by institution type 2022
  • Basic Statistic U.S. student loan borrowers' debt levels in public four-year colleges 2006-2022
  • Basic Statistic U.S. student loan borrowers' debt levels, private four-year colleges 2006-2022
  • Basic Statistic Average student debt for a 4-year bachelor's degree, by institution type U.S. 2020/21
  • Premium Statistic Average value of undergraduate student loans U.S. 2007-2023, by loan type
  • Premium Statistic Average value of graduate student loans U.S. 2007-2023, by type

Default rates and repayment

10
  • Basic Statistic Student loan cohort default rate in the U.S. 2019, by institution type
  • Premium Statistic Total balance of federal student loan debt in forbearance U.S. 2021-2023
  • Premium Statistic Students with federal loans for higher education U.S. 2023, by repayment status
  • Premium Statistic Student loan default rate U.S. 2022, by race
  • Premium Statistic Student loan default rate U.S. 2022, by degree type
  • Premium Statistic Student loan default rate U.S. 2022, by family income
  • Premium Statistic U.S. borrowers who struggled to make student loan payments 2022
  • Premium Statistic U.S. adults' ability to pay off student loan debt 2024
  • Premium Statistic Share of adults who could afford student loans U.S. 2022, by loan amount owed
  • Premium Statistic Share of adults who could afford payments towards student loans U.S. 2022, by income

Impacts of loan repayment

10
  • Premium Statistic Share of adults who could afford to make payments towards student loans U.S. 2022
  • Premium Statistic Distribution of use of funds during paused student loan repayment period U.S. 2022
  • Premium Statistic Share of adults who think student loans impact financial security U.S. 2022 by income
  • Premium Statistic Share of Americans with difficulty paying bills U.S. 2023, by student debt status
  • Premium Statistic Share of Americans who were behind on student loan payments U.S. 2023, by education
  • Premium Statistic Length of time expected by Gen Z to pay off undergraduate student debt U.S. 2023
  • Premium Statistic Share of Gen Z who delayed select financial decisions due to student debt U.S. 2022
  • Premium Statistic Share of adults who believe student loan payments impact financial security U.S. 2022
  • Premium Statistic Share of Gen Z who would make different financial decisions towards college U.S. 2022
  • Premium Statistic Share of Americans facing various issues due to student loan debt U.S. 2022

Federal loan forgiveness

9
  • Premium Statistic Federal student loan forgiveness programs U.S. 2023, by average amount forgiven
  • Premium Statistic Share of Americans aged 18-29 with select beliefs on federal student loan policy 2022
  • Premium Statistic U.S. support for forgiving federal student loans with various tradeoffs 2022
  • Premium Statistic Share of adults who agree selected programs would help them afford college U.S. 2022
  • Premium Statistic Average share of student loan forgiven for Americans to reenroll in college 2022
  • Premium Statistic U.S. adults' on extent of student loan forgiveness 2022
  • Premium Statistic U.S. adults on extent of student loan forgiveness 2024
  • Basic Statistic U.S. adults' on extent of student loan forgiveness 2022, by party identification
  • Premium Statistic Share of Americans who would reenroll in college if student loans were forgiven 2022

Opinion

9
  • Premium Statistic U.S. belief in effectiveness of affirmative action/student loan forgiveness 2023
  • Premium Statistic Perception of taking out student loans to afford higher education U.S. 2022
  • Premium Statistic U.S. belief that benefits of higher education exceed the cost 2023, by education/age
  • Premium Statistic Share of adults who believe taking out student loans is worth it U.S. 2022, by income
  • Premium Statistic Share of adults who believe taking out student loans was worth it U.S. 2022, by age
  • Premium Statistic U.S. beliefs on whether college is a smart investment or a gamble 2023, by generation
  • Premium Statistic Gen Z teens on whether college is a smart investment U.S. 2023, by demographic
  • Premium Statistic Share of adults who believe their student loan debt was not worth it U.S. 2022
  • Premium Statistic U.S. students' beliefs on taking out loans for online higher education 2021-23

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