In the academic year 2023-24, the average borrowing for college among students in the form of federal student loans amounted to 7,340 U.S. dollars. This is a slight increase from the previous year, when student borrowing amounted to 7,253 U.S. dollars on average.
College student use of federal loans, year-over-year, in the United States between 2011 and 2024, by average amount borrowed
(in U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Sallie Mae. (August 6, 2024). College student use of federal loans, year-over-year, in the United States between 2011 and 2024, by average amount borrowed (in U.S. dollars) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/
Sallie Mae. "College student use of federal loans, year-over-year, in the United States between 2011 and 2024, by average amount borrowed (in U.S. dollars)." Chart. August 6, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/
Sallie Mae. (2024). College student use of federal loans, year-over-year, in the United States between 2011 and 2024, by average amount borrowed (in U.S. dollars). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/
Sallie Mae. "College Student Use of Federal Loans, Year-over-year, in The United States between 2011 and 2024, by Average Amount Borrowed (in U.S. Dollars)." Statista, Statista Inc., 6 Aug 2024, https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/
Sallie Mae, College student use of federal loans, year-over-year, in the United States between 2011 and 2024, by average amount borrowed (in U.S. dollars) Statista, https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/ (last visited November 03, 2024)
College student use of federal loans, year-over-year, in the United States between 2011 and 2024, by average amount borrowed (in U.S. dollars) [Graph], Sallie Mae, August 6, 2024. [Online]. Available: https://www.statista.com/statistics/259203/student-use-of-federal-student-loans-for-college-in-the-united-states-year-on-year/