Share of adults who understood how long student loan repayment would take U.S. 2019

According to a 2019 survey, about one third of American adults who had taken out a student loans reported that they fully comprehended how long it would take to pay back their loans. 33 percent of respondents said that they fully understood the length of time student loan repayment would take, while 14 percent of respondents said that they did not comprehend at all how long the process would take.

Share of adults who fully comprehended how long it would take to pay back student loans in the United States in 2019

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Source

Release date

May 2019

Region

United States

Survey time period

April 26 to 29, 2019

Number of respondents

354 respondents

Age group

18 years and older

Special properties

respondents who personally took out student loans for college

Method of interview

Online survey

Supplementary notes

Total sample size was 1,225 respondents.

Original question: "Looking back, how well, if at all, do you believe you comprehended each of the following when taking out your student loan(s)? How long it would take to pay back the loan."

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