The National Student Loan Data System (NSLDS) is the national database of information about loans and grants awarded to students under Title IV of the Higher Education Act (HEA) of 1965. NSLDS provides a centralized, integrated view of Title IV loans and grants during their complete life cycle, from aid approval through disbursement, repayment, deferment, delinquency, and closure.

Graph and download economic data for Student Loans Owned and Securitized (DISCONTINUED) (SLOAS) from Q1 2006 to Q4 2024 about student, securitized, owned, loans, and USA.

The value of outstanding student loans in the United States has ballooned since the first quarter of 2006. As of the fourth quarter of 2024, American students owed over 1.77 trillion U.S. dollars in student loans. In the first quarter of 2006, this figure stood at 480.9 billion U.S. dollars.

Provides recipient and disbursement information each quarter for the Direct Loan and Federal Family Education Loan Programs by postsecondary school.

Provides snapshots of the outstanding federal student loan portfolio by loan program, loan type, loan status, repayment plan, delinquency, servicer, and various borrower demographics.

As of 2025, the outstanding student loan debt in the United Kingdom reached over 292 billion British pounds, with the majority of the debt coming from England at 266.6 billion pounds, with student loan debt in Scotland amounting to 9.4 billion, Wales 10.6 billion, and Northern Ireland 5.6 billion.

Debt Balance Student Loans in the United States increased to 1.63 Trillion USD in the first quarter of 2025 from 1.62 Trillion USD in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Debt Balance Student Loans.

Global Student Loan Market is poised for a significant growth, with market size projected to surge from USD 2685.77 Billion in 2023 to USD 5847.67 Billion by 2032, showcasing a robust Compound Annual Growth Rate (CAGR) of 9.03% during the forecast period.

The Student Loan market size is anticipated to reach USD 5847.67 Billion by 2032. [https://vmrimages.s3.amazonaws.com/student-loan-market-size

Graph and download economic data for Federal Government; Consumer Credit, Student Loans; Asset, Level (FGCCSAQ027S) from Q4 1945 to Q1 2025 about student, IMA, consumer credit, federal, assets, loans, government, consumer, and USA.

The private student loan market, while facing some headwinds, continues to demonstrate significant growth potential. The market's size, estimated to be around $150 billion in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 8% from 2025 to 2033, primarily driven by rising higher education costs and a persistent need for alternative financing options beyond federal loans. Key drivers include increasing awareness of private loan benefits among students and parents, the evolving landscape of fintech lenders offering competitive interest rates and flexible repayment plans, and a growing emphasis on specialized programs for international students or those pursuing specific fields of study. However, this market is not without its challenges. Stringent regulatory scrutiny, concerns surrounding student loan debt, and economic downturns can impact borrowing and repayment rates. The segment is also characterized by intense competition among established players and new entrants, leading to innovative product development and increased focus on customer experience. The market is segmented by loan type (e.g., undergraduate, graduate, parent loans), borrower characteristics (credit score, income), and lending institution (banks, fintech companies, credit unions). Key players such as LendKey, Sallie Mae, SoFi, and Discover Bank are actively vying for market share through strategic partnerships, technological advancements, and targeted marketing campaigns. While regional data is not provided, the North American market is expected to dominate due to the relatively high cost of education and established lending infrastructure. The forecast period (2025-2033) suggests a continued upward trajectory, though the pace of growth may fluctuate depending on broader macroeconomic factors and policy changes impacting the student loan landscape. The historical period (2019-2024) likely reflects a period of moderate growth, possibly influenced by pre-pandemic economic conditions and shifting federal student loan policies.

Graph and download economic data for Student Loans Owned and Securitized, Flow (DISCONTINUED) (FLSLOAS) from Q2 2006 to Q4 2024 about student, securitized, owned, flow, loans, and USA.

The Student Loans Market is Segmented by Provider (Banks, and NBFCs and Others), by Repayment Plan (Standard Repayment, Graduated Repayment, Income-Driven Plans, and Other Plans), by Borrower Age Group (24 or Younger, 25 – 34, and 35 and Above), by Education Level (Undergraduate, Graduate / Professional, and More), and by Region (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

This dashboard provides access to data about student loans, which are closed-end loans to finance consumers' education, originated both by the federal government and by private lenders.

In the fourth quarter of 2024, 497.5 billion U.S. dollars worth of student loans were in forbearance in the United States. This reflects the effects of the coronavirus (COVID-19) pandemic, where the government temporarily paused student loan payments and froze the accumulation of interest. Federal student loan repayments resumed in October 2023, with 599 billion U.S. dollars worth of student loans in repayment as of Q4 2024. During this time period, outstanding student loan debt in the U.S. totaled over 1.77 trillion U.S. dollars.

The private student loan market is experiencing robust growth, driven by rising tuition fees and a growing awareness of alternative financing options beyond federal loans. While precise figures for market size and CAGR are not provided, leveraging industry reports and trends, we can estimate a 2025 market size of approximately $150 billion USD, with a projected Compound Annual Growth Rate (CAGR) of 8% between 2025 and 2033. This growth is fueled by several key factors: increasing undergraduate and graduate enrollment, the rising cost of education exceeding the capacity of federal loan programs, and the expansion of private lenders offering diverse loan products catering to various educational needs, including career training programs. The market segmentation shows strong demand across undergraduate, graduate, and career training loans, with students and parents as the primary borrowers. Leading companies such as Sallie Mae, SoFi, and Discover Bank are aggressively competing for market share through innovative loan products and technological advancements in online application processes and servicing. However, market growth is not without its challenges. Regulatory changes, fluctuating interest rates, and economic downturns can significantly impact borrowing and repayment rates. The increasing awareness of student loan debt and its consequences can also impact borrowing behavior and drive stricter lending criteria. Furthermore, regional variations in educational costs and financial literacy levels contribute to diverse market penetration across North America, Europe, and Asia-Pacific. Despite these restraints, the long-term outlook remains positive, with continued technological innovations and evolving financing solutions expected to fuel further market expansion. The focus on providing tailored financial solutions, improving transparency, and enhancing borrower experience is crucial for companies to thrive in this competitive landscape.

Student Loan Platform Market Outlook

The global market size for the Student Loan Platform was valued at approximately USD 4.5 billion in 2023 and is expected to reach around USD 8.9 billion by 2032, growing at a CAGR of 7.5% during the forecast period. The significant growth factor in this market can be attributed to the increasing demand for higher education coupled with the rising cost of education, which necessitates efficient loan management systems.

One of the primary growth drivers for the Student Loan Platform market is the escalating cost of higher education. The cost of tuition and other associated expenses for higher education has been rising steadily over the years. This has led to an increasing number of students and their families seeking financial assistance through loans to fund their education. Consequently, the demand for efficient student loan platforms that can handle loan origination, servicing, and consolidation has surged. These platforms not only streamline loan processes but also offer valuable support to students in managing their debts effectively.

Another significant growth factor is the increasing penetration of digital technologies in the financial sector. The advent of advanced technologies such as artificial intelligence, machine learning, and blockchain has revolutionized the way financial services are delivered. Student loan platforms are leveraging these technologies to enhance their offerings, providing more secure, efficient, and user-friendly services. This technological integration has not only improved the operational efficiency of these platforms but also enhanced the overall user experience, thereby driving market growth.

Government initiatives and policies aimed at making higher education more accessible are also contributing to the growth of the student loan platform market. Various governments across the globe are introducing policies and programs to support students in accessing financial aid for their education. These initiatives often involve partnerships with financial institutions and educational organizations, which subsequently drives the demand for robust student loan platforms. Furthermore, regulatory frameworks that mandate transparency and accountability in loan management are encouraging the adoption of these platforms.

From a regional perspective, North America holds a significant share of the student loan platform market, driven by high tuition fees and a large number of students opting for higher education. The presence of advanced technological infrastructure and a high level of digital literacy also support market growth in this region. However, emerging economies in the Asia Pacific region are expected to witness the highest growth rate during the forecast period. Factors such as increasing enrollment rates in higher education, rising disposable incomes, and growing awareness about education financing options are propelling market growth in this region.

Type Analysis

The Student Loan Platform market is segmented by type into Federal Student Loans, Private Student Loans, and Refinance Loans. Federal Student Loans are primarily funded by the government and offer various benefits such as fixed interest rates and flexible repayment plans. These loans are typically more accessible to students from low-income families, which drives their popularity. The market for Federal Student Loans is expected to remain robust due to continuous government support and initiatives aimed at making higher education accessible to all.

Private Student Loans, on the other hand, are offered by private financial institutions and tend to have variable interest rates and less flexible repayment options compared to federal loans. Despite these challenges, the market for Private Student Loans is growing, driven by the increasing gap between the cost of education and the amount covered by federal loans. Private lenders are also incorporating innovative solutions to attract borrowers, such as offering competitive interest rates and personalized loan packages, thus contributing to market growth.

Refinance Loans are an emerging segment in the student loan platform market. These loans allow borrowers to replace their existing loans with new ones, typically at lower interest rates. The primary benefit of refinance loans is cost savings through reduced interest payments. This segment is gaining traction as more graduates seek to manage their loan burdens effectively by taking advantage of favorable interest rates. The increasing awareness and availability of refinance options are expected to drive si

Tables show data on federal student aid from the Canada Student Financial Assistance Program. The data reports only on aid in the provinces and territory who take part in the program. Note: - data are from the 2009 to 2010 to the 2021 to 2022 academic year (August 1 of the current year to July 31 of the next) - figures may not add up to the total as some cells are blocked due to privacy, and due to rounding - Unless otherwise stated, tables include both full-time and part-time students

Provides the statistics about Student Loan Default Statistics

Graph and download economic data for Individual Income Tax Filing: Statutory Adjustments: Student Loan Interest Deduction (SLITDDA) from 1999 to 2016 about deductions, student, individual, adjusted, tax, loans, interest, income, and USA.