College
![Average Student Loan Debt [2024]: by Year, Age & More](https://rdl.ink/render/https%3A%2F%2Feducationdata.org%2Fwp-content%2Fuploads%2F2024%2F07%2Faverage-student-loan-debt-2.png?width=92&height=&ar=&mode=&format=avif&dpr=2)
Some Federal Student Loan Interest Rates at Record Highs - NerdWallet
Some interest rates for new federal student loans have hit record highs for 2024-25: 6.53% for undergraduate direct loans, 8.08% for graduate and professional direct loans, and 9.08% for PLUS loans. Here's how to minimize your borrowing to lower your college costs.
![Student Loan Debt by Year [2023]: Total + per Student](https://rdl.ink/render/https%3A%2F%2Feducationdata.org%2Fwp-content%2Fuploads%2F2023%2F10%2Faverage-student-loan-debt-by-year.png?width=92&height=&ar=&mode=&format=avif&dpr=2)
![Student Loan Debt Statistics [2024]: Average + Total Debt](https://rdl.ink/render/https%3A%2F%2Feducationdata.org%2Fwp-content%2Fuploads%2F2024%2F03%2Fpage-1.png?width=92&height=&ar=&mode=&format=avif&dpr=2)
Student Loan Debt Statistics [2024]: Average + Total Debt
Find student loan debt statistics, including the national debt balance, average individual balance, and annual growth rates.
The average federal student loan debt balance is $37,088, while the total average balance (including private loan debt) may be as high as $39,981.
Less than 2% of private student loans enter default as of 2021’s fourth financial quarter (2021 Q4).
The average public university student borrows $32,637 to attain a bachelor’s degree.
2023 FAFSA Updates: Major Changes and the Paying for College Unit - Blog
Stay informed with the latest changes to FAFSA 2023, including the shift from EFC to SAI, Pell Grant modifications, and the new SAVE repayment plan. NGPF's deep dive helps educators navigate these updates for effective teaching.
