Why is student debt a problem
- how high is student loan debt
- how is student loan debt forgiveness paid for
- how is student loan debt forgiven
- how is student loan debt a problem
Student loan forgiveness!
Average Student Loan Debt: 2024 Statistics
About 43 million Americans share $1.6 trillion in federal student loan debt.
How many people have student loan debt
Discover the average student loan debt and more student debt statistics in our guide.
A college degree is typically associated with higher earnings.Note Reference [8] At the same time, the cost of college is rising, and Americans are taking on more student debt in the form of federal and private loans.
When you have information about student loan debt, you can make decisions that benefit your long-term educational, career, and life goals.
We’ve rounded up the latest data about the state of student loan debt in the U.S.
Average Student Loan Debt in 2024
According to the Department of Education, as of March 2024, the average student loan debt for federal loans was about $37,850.
That’s approximately $1.6 trillion of outstanding debt divided by a total of 42.8 million borrowers.Note Reference [1] However, what individual borrowers owe varies considerably.