Length of time needed to pay off student loans in full U.S. 2019

According to a 2019 survey, eight percent of respondents said that they repaid their student loans in full in less than one year. However, this is an uncommon experience, as 72 percent of respondents said that they needed between one and 10 years to repay their student loans in full.

Length of time it took to pay off student loans in full in the United States in 2019

Share of respondents
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Source

Release date

May 2019

Region

United States

Survey time period

April 26 to 29, 2019

Number of respondents

215 respondents

Age group

18 years and older

Special properties

respondents who took out student loans for college and fully paid them off

Method of interview

Online survey

Supplementary notes

Total sample size was 1,225 respondents.

Original question: "How long did it take you/someone else to pay fully off your student loan(s), including both your own loans and any loans taken out on your behalf?"

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Statistics on "Funding university in the United States"

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