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In June, 43.6 million Americans held federal student loan debt, with an average balance of $38,000 per borrower. In total, the U.S. has a collective balance of over $1.7 trillion in student loans.
Another factor driving up the student loan debt is the amount of students earning advanced degrees in medicine, pharmacy, and law. Georgia. Average student loan debt: $42,026. Collective amount ...
Black students take out the most student loan debt for a bachelor’s degree, followed by white students. Black bachelor’s degree holders have an average of $52,000 in student debt.
As of 2021, approximately 7.8 million Americans from 18 to 25 carry student loan debt, with an average balance of almost $15,000. [63] For adults between the ages of 35 and 49, the average individual balance owed exceeded $42,000. The average debt for adults between 50 and 61 is slightly lower.
Wyoming. Average student loan debt: $29,809 Change from U.S. average: -31.6% Borrower delinquency rate: 6.6% Learn More: This Is the One Type of Debt That ‘Terrifies’ Dave Ramsey Discover More ...
The Economist reported in June 2014 that U.S. student loan debt exceeded $1.2 trillion with over 7 million debtors in default. In 2014, there was approximately $1.3 trillion of outstanding student loan debt in the U.S. that affected 44 million borrowers who had an average outstanding loan balance of $37,172. [46]
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