Average Student Loan Debt In America

Average Student Loan Debt In America

As of March 2018, 44.7 million Americans had outstanding student loans totaling $1.48 trillion.

As of March 2018, 44.7 million Americans had outstanding student loans totaling $1.48 trillion. However, the average student loan debt in America is more than that of most other countries because there are so many students in our country who have large amounts of debt (the median amount owed per borrower is $18,917).

The average loan balance for the Class of 2017 was $39,400, which is a slight decrease from the 2016 average student loan balance of $28,150.

The average loan balance for the Class of 2017 was $39,400, which is a slight decrease from the 2016 average student loan balance of $28,150. This figure is also lower than 2015’s average student loan debt of $29,400 and 2014’s average student loan balance of $29,700.

Why are these numbers important? Because they help paint a clear picture about how much debt post-secondary students are taking on each year—and how much debt they’re returning home with after graduation.*

• Note that we’re not saying that all those students who graduated with higher amounts owe more than their classmates with lower balances. In fact, some students may take out loans for multiple semesters or years at once during their education (e.g., by earning double majors). Or perhaps one student attended a private university while another went to an in-state public college or university; each option will likely have its own associated costs depending on where it falls within our institution type rankings table above (see section two).

In 2017, a borrower’s household income increased slightly by 0.4 percent over 2016. At the same time, debt levels fell slightly.

In 2017, overall student loan debt increased slightly by 0.4 percent over 2016. At the same time, borrower’s household income increased by 0.3 percent over 2016. These trends suggest that while total debt levels fell slightly in 2017, they have been increasing since 2013 when they were at $1 trillion for the first time ever.

Between 1995 and 2010 (the most recent data available from the National Center for Education Statistics), average federal student loan debt held by bachelor’s degree recipients increased from about $19,000 to about $25,000—a 35% increase over 15 years; however, this is still only about half of what it was 20 years ago when it topped out at around $40K per borrower!

More than one in 10 borrowers who graduated in 2016 defaulted on their federal student loans within three years of leaving school.

The average student loan debt for the Class of 2017 was $39,400. That’s an increase from the previous year, when it was $28,150.

The number of students who defaulted on their federal student loans within three years of leaving school is also increasing. More than one in 10 borrowers who graduated in 2016 defaulted on their federal student loans within three years of leaving school, according to a new report released by the U.S. Department of Education (DOE).

More than 44 million borrowers owe $1.5 trillion in student debt — but the rest of us are going to have to pay for that debt as well.

You might be surprised to learn that the average student loan debt in America is $39,400. It’s true: According to studies conducted by student loan refinancing site Credible, the average student loan debt in America is now over $39,000. That number has been steadily climbing since 2012 and shows no signs of slowing down anytime soon. This is a huge problem not only for current students but also for anyone who wants to send their kids through college without serious financial consequences.