The value of outstanding student loans in the United States has ballooned since the first quarter of 2006. As of the fourth quarter of 2020, American students owed over 1.7 trillion U.S. dollars in student loans. In the first quarter of 2006, this figure stood at 480.9 billion U.S. dollars.
Value of outstanding student loans in the United States from Q1 2006 to Q4 2020 (in billion U.S. dollars)
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Federal Reserve. (February 5, 2021). Value of outstanding student loans in the United States from Q1 2006 to Q4 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 25, 2021, from https://www.statista.com/statistics/1077038/value-outstanding-student-loans-us/
Federal Reserve. "Value of outstanding student loans in the United States from Q1 2006 to Q4 2020 (in billion U.S. dollars)." Chart. February 5, 2021. Statista. Accessed February 25, 2021. https://www.statista.com/statistics/1077038/value-outstanding-student-loans-us/
Federal Reserve. (2021). Value of outstanding student loans in the United States from Q1 2006 to Q4 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 25, 2021. https://www.statista.com/statistics/1077038/value-outstanding-student-loans-us/
Federal Reserve. "Value of Outstanding Student Loans in The United States from Q1 2006 to Q4 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Feb 2021, https://www.statista.com/statistics/1077038/value-outstanding-student-loans-us/
Federal Reserve, Value of outstanding student loans in the United States from Q1 2006 to Q4 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1077038/value-outstanding-student-loans-us/ (last visited February 25, 2021)