The latest student loan debt statistics for 2019 show how serious the student loan debt crisis has become for borrowers across all demographics and age groups
Over 34 million student loan borrowers hold approximately $1.1 billion in Direct Loans. Another 13.5 million student loan borrowers hold $282 billion in Federal Family Education Loans .$7.6 billion Stafford Unsubsidized:$88.9 billion Student Loan Debt Statistics By Loan Status For Direct Loans
As of 4Q 2018, there are 10.8 million borrowers with $196.2 billion of student loan debt in the Level Student Loan Repayment Plan , which represents the largest concentration of borrowers in student loan repayment. For Direct Loan and FFEL Loans owned by the U.S. Education Department, here is the breakdown by these select student loan servicers:In addition, there are several other startling statistics regarding the state of student loan debt:
Almost half of private loan borrowers borrowed less than they could have in federal Stafford loans for college.
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