Value of student loan debt outstanding, by repayment status U.S. 2021
In 2021, 887.4 billion U.S. dollars worth of student loans were in forebearance in the United States. This is due to the coronavirus (COVID-19) pandemic, where the government paused repayment of student loans and froze the accumulation of interest. This is compared to 122.2 billion U.S. dollars worth of student loans that were in default. As of the fourth quarter of 2020, outstanding student loan debt in the U.S. was valued at 1.7 trillion U.S. dollars.
