Student Loan Debt Facts

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Student Loan Debt Facts

  • 69% of students of the Class of 2018 have an average student loan debt of $29,800
    • 14% of parents took out an average of $35,600 in student loans5)
  • 44.7 million Americans have student loan debt
  • Average monthly student student loan payment is $393
    • The median monthly student loan payment is $222
  • Student loan default percentages by college type within 12 years:
    • 48% default from for-profit colleges
    • 12% of public college attendees,
    • 14% of nonprofit college attendees
  • Student loans are generally set to be paid off in 10-years,
    • Average bachelor’s degree holder takes 21 years to pay off college loans!

~iCreateDaily.com®