2023$1,737,181.66 2024 (YTD)$1,753, 333.67 Source:The Federal Reserve Student debt is the second largest form of consumer debt, accounting for 9 percent of the nation’s household debt as of the third quarter of 2023. Student loan debt and the end of the repayment pause ...
The latest student loan debt statistics for 2020 show how serious the student loan debt crisis has become – for borrowers across all demographics and age groups.If you are a student loan borrower, the following student loan debt statistics can help you make more informed decisions regardingstudent...
Expected college debt for a 2023 high school grad A 2023 high school graduate could expect to borrow $37,300 for their bachelor’s degree, according to a May 2023 NerdWallet analysis of National Center for Education Statistics data that assumes a five-year undergraduate career. This projection ...
Student Loan Debt Statistics Last Updated, 2023 In an increasingly aggressive global job market, a college education is believed to be the linchpin for students’ future success and prosperity. Indeed, it is predicted that by 2027, 70% of all employment positions in the American economy will ...
You’ll learn how many people have student loan debt, how many are falling behind on student loan payments and more. Here are some of the overall statistics about student loan debt worth noting:Average student loan debt facts (as of Q4 2023)...
That degree from a so-called prestigious university might look great on your wall; but is it worth cost? Be a wise consumer and don’t go into debt on the promise of a five-figure salary. Study the statistics, put some thought into the process, and make an informed decision. ...
Student debt and mental health statistics Student debt has an unquestionable impact on borrowers’ financial and emotional well-being. Over the years, we’ve surveyed readers about their relationship between student debt and mental health. As of 2024, we found that 1 in 16 respondents experience...
» MORE:2024 student debt statistics College Board study: More than half of college students take out student loans Among 2021-22 bachelor's degree recipients from public and private four-year colleges, 51% graduated with student debt, according to College Board’s latest 2023 Trends in College...
ReportHousehold Debt and Credit Report CategoryConsumer & Household Statistics RegionUnited States SourceFederal Reserve Bank of New York Stats Last Value1.585T Latest PeriodJun 2024 Last UpdatedAug 6 2024, 11:17 EDT Next ReleaseNov 13 2024, 08:30 EST ...
and totalstudent loan debtkeeps growing. According to the College Board, families paid an average of $11,260 in 2023–2024 to send their children to a public four-year