England had the highest average annual repayment of student loans via the HMRC in the United Kingdom (UK) in 2023/24. The value of those repayments amounted to ***** British pounds on average, much higher than the average in Scotland.

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.

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.

Incidence and repayment of government student loans among graduates who did not pursue any further postsecondary education program, Canada and provinces. This table is included in Section B: Financing education systems of the Pan Canadian Education Indicators Program (PCEIP). PCEIP is an ongoing initiative of the Canadian Education Statistics Council, a partnership between Statistics Canada and the Council of Ministers of Education, Canada that provides a set of statistical measures on education systems in Canada.

As of April 2023, federal student loan forgiveness programs forgave an average amount of around ****** U.S. dollars to eligible borrowers in the United States. In comparison, the average amount of student debt forgiven by the Public Service Loan Forgiveness program was ****** U.S. dollars per borrower. Public Service Loan Forgiveness grants federal loan forgiveness to borrowers who have been working for a qualifying public service employer full-time for 10 years and have made *** monthly payments while working for that employer.

Income-driven repayment plans lower required payments for student loan borrowers when their income decreases. This helps to reduce student loan defaults. Despite universal availability, only a minority of student loan borrowers in the U.S. are in an income-driven repayment plan. In this study, I test whether a student’s choice of repayment plan is related to their expectations of earning a low income. Using an information experiment in a web survey, I create two groups of college seniors with an exogenous difference in low-income expectations. I find that respondents who see the major specific income information believe they, on average, have a higher probability of earning a low income. However, those respondents are not any more likely to choose the income-driven repayment plan. I conclude that students’ repayment plan preferences are not strongly related to their expectations of earning a low income. This may be due to students caring about things other than minimizing monthly payments when choosing a repayment plan.

Presents statistics on student loan borrower status and repayments by repayment cohort and tax year, produced by the Student Loans Company

Source agency: Business, Innovation and Skills

Designation: Official Statistics not designated as National Statistics

Language: English

Alternative title: Student loan repayments

Statistics on student debt, including the average debt at graduation, the percentage of graduates who owed large debt at graduation and the percentage of graduates with debt who had paid it off at the time of the interview, are presented by the province of study and the level of study. Estimates are available at five-year intervals.

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.

We use new administrative data that links detailed information on Canadian student loan recipients with their repayment and income histories from the Canada Student Loans Program (CSLP), income tax filings, and post-secondary schooling records to measure the extent to which student borrowers adjust loan repayments to insure against income variation. Several mechanisms are available for students to adjust loan repayments in response to income fluctuations: formal, like CSLP's Repayment Assistance Plan; and informal, such as delinquency or default. Borrowers can also make larger payments than required should they experience unexpectedly high income. Indeed, loan payments are shown to increase in income, more so in early years and for individuals with higher initial debt. More formally, we estimate that on average, an unexpected $1,000 change in year-over-year income is associated with a $30 change in loan payment: from a $50 change the year after graduation, declining to a $20 change 5 years after graduation. Loan repayments are also used to absorb income variation that is more permanent in nature: for borrowers whose income is consistently below or above expected income at graduation, the magnitude of average repayment adjustment is similar to the average yearly response.

Provides the statistics about Student Loan Default Statistics

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.

As of the fourth quarter of 2024, federal student loan borrowers aged between 35 and 49 years had the most student debt out of all age groups in the United States, with a total outstanding debt of ***** billion U.S. dollars. Studies have shown that Black women are the most likely demographic to have student loan debt in the United States.

This material is based upon work supported by the National Science Foundation under Grant No. 2049358. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the author and do not necessarily reflect the views of the National Science Foundation.Income-driven repayment plans lower required payments for student loan borrowers when their income decreases. This helps to reduce student loan defaults. Despite universal availability, only a minority of student loan borrowers in the U.S. are in an income-driven repayment plan. In this study, I test whether a student’s choice of repayment plan is related to their expectations of earning a low income. Using an information experiment in a web survey, I create two groups of college seniors with an exogenous difference in low-income expectations. I find that respondents who see the major specific income information believe they, on average, have a higher probability of earning a low income. However, those respondents are not any more likely to choose the income-driven repayment plan. I conclude that students’ repayment plan preferences are not strongly related to their expectations of earning a low income. This may be due to students caring about things other than minimizing monthly payments when choosing a repayment plan.

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.

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

Due to the impact of the COVID-19 pandemic, the U.S government paused payments on federal student loans starting on March 13, 2020, moving billions of dollars of student debt into forbearance. Forbearance means that no payments need to be made, with the interest rate set to zero percent. In the second quarter of 2022 and 2023, the majority of federal student loans remained in forbearance, totaling over 1000 billion U.S. dollars. However, loan repayments and interest rates restarted in October 2023, lowering the amount of student loans in forbearance to **** billion U.S. dollars as of Q2 2024.

Percentage of graduates who borrowed from government student loan programs and their average debt at graduation, Canada and provinces. This table is included in Section B: Financing education systems of the Pan Canadian Education Indicators Program (PCEIP). PCEIP is an ongoing initiative of the Canadian Education Statistics Council, a partnership between Statistics Canada and the Council of Ministers of Education, Canada that provides a set of statistical measures on education systems in Canada.