Student Loan Debt Statistics for 2017 Are Shocking

Student Loan Debt Statistics for 2017 Show Americans Are Burdened With Record Breaking Student Loan Debt 

Student loan debt statistics show 44 million Americans owe over $1.4 trillion in student loan debt. The total debt is also more than double the $620 billion Americans owe on credit card debt.
A Class of 2016 graduate has roughly $37,172 in student loan debt. This is a six percent increase from last year.

General Student Loan Debt Facts

First of all, let’s start with a general picture of the student loan debt landscape. The most recent reports indicate there is:
  • $1.44 trillion in total U.S. student loan debt
  • 44.2 million Americans with student loan debt
  • Student loan delinquency rate of 11.2% (90+ days delinquent or in default)
  • Average monthly student loan payment (for borrower aged 20 to 30 years): $351
  • Median monthly student loan payment (for borrower aged 20 to 30 years): $203
(Data via federalreserve.gov, newyorkfed.org here, here and here and clevelandfed.org here)

Read more here: Student Loan Debt Statistics for 2017 Are Shocking

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