Student Loans Facts & Statistics

Last Updated: 10/22/2021
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More than 1 out of every 3 young adults has student loan debt. Today's college graduates are facing, on average, $29,800 in student loans. That number has tripled since 2006, and the growth shows no sign of slowing.

There's good news if the use of student loans lead to graduation and subsequent rewards. In fact, numerous studies have confirmed that the average college grad makes substantially more than a counterpart with only a high school diploma. Also, the unemployment rate among those with a bachelor's degree has always been distinctly lower than among those without.

This page contains student loan statistics gathered by the MoneyGeek editors. We will update the statistics here as we receive new and updated data. If you have student loan statistics you want to share, or if you have a question, comment or concern about what you see or don't see here, please contact us (see social media buttons below).

Student Loan Amounts

Student Loan Lending

  • Over 30 percent of American adults have student loan debt
  • Depending on the type of 4-year institution (public, private, for-profit) the number of student receiving aid is generally between 80% and 95%
  • Depending on the type of 2-year institution (public, private, for-profit) the number of students receiving aid is generally between 75% and 95%
  • Politicians - namely those on the front line for the Democrats - are calling for wide-sweeping elimination of 75 to 95 percent of all student debt
  • For federal loans dispersed on or after July 1, 2021, and before July 1, 2022, interest rates are as follows: 3.73% for undergraduate loans, 5.28% for graduate direct unsubsidized loans and 6.28% for direct PLUS loans

Student Loan Defaults and Payment Plans

Wealth & Student Loans


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