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Students > Blowback

Student Loan Debt America by the Numbers

The Guardian

by Heidi Moore

Wednesday 3 April 2013 10.55 EDT

 

Some essential facts and figures on the state of student loan debt in America that everyone should know

  The average student loan debt owed in the US is $13,600. Photograph: David Cheskin/PA

The average student loan debt owed in the US is $13,600. Photograph: David Cheskin/PA

• Amount of student debt owed in the US: $1 trillion

• Number of student loan borrowers in the US: 37 million

• Amount of federal student loans owed directly to the US government:$864 billion

• Amount of student loans owed to private lenders, like banks: $150 billion

• Percentage of private student loans that came from the same seven private lenders: 87%

• Percentage of borrowers surveyed by the Consumer Financial Protection Agency who complained that their lender was unresponsive to requests to renegotiate loans: 65%

• The percentage of borrowers who take out more than $100,000 in student loans: 3%