college students financial aid statistics

Student Loan Debt Statistics

Student Loan Debt Statistics Data
Average student loan debt $30,000
Percent of college students who borrow annually to help cover costs 60 %
Average number of college students who borrow annually 12,250,000
Approximate number of student loan borrowers with outstanding loans today 39,500,000
Total amount of outstanding student loan debt in the United States $1,100,000,000,000
Profit generated from student loan debt each year $20,360,000,000
Student Loan Repayment Statistics  
Percent of oustanding borrowers who have at least one past due loan 14 %
Approximate amount of past due student loan debt $85,000,000,000
Number of Student Loans by Age Number
29 and Under 14,000,000
30 – 39 10,600,000
40 – 49 5,700,000
50 – 59 4,600,000
60 + 2,200,000
Student loan breakdown by amount borrowed Percent who borrowed
$28,000 + 86 %
$54,000 + 10 %
$100,000 + 3 %
$200,000 + 1 %

Student loan debt is on the rise in the United States along with the number of loan defaults.

Statistic Verification
Source: Federal Reserve Board, Chronicle of Higher Education, College Board
Research Date: July 1st, 2015

Questions: What is the total amount of student loan debt? What is the average amount of student load debt? What percent of student loans are in default?