U.S. student loan debt continues to cause financial strain for millions – each and every year.
This student debt crisis is now at the forefront of popular culture, with new plans unveiled regularly by mainstream politicians to ease its burden on Americans. But according to the Federal Reserve, the College Board, and others, average student loan debt keeps rising and impacting the daily lives of borrowers.
What does the current student debt landscape look like? Below is a glimpse into key student loan and refinancing statistics across the country.
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Student loan debt statistics sourced from Department of Education, College Board, Federal Reserve, Cengage, New America, Saving for College, and One Wisconsin Institute. Refinancing trends sourced from Purefy data.