US student loan debt by age, average balance per borrower, and the national totals. ✓ Federal Student Aid
Average federal loan balance per borrower.
| Age group | Average federal balance |
|---|---|
| 24 and younger | $14,120 |
| 25–34 | $32,800 |
| 35–49 | $43,900 |
| 50–61 | $46,300 |
| 62 and older | $45,400 |
Americans owe more than $1.7 trillion in federal student loans, spread across roughly 43 million borrowers, with an average balance of about $38,000. Debt is not just a young person's problem: while borrowers aged 25–49 hold the largest share, balances per borrower are often highest in the 35–61 range, and debt among people 50 and older has grown quickly — partly from parent loans and slow repayment.
Graduate and professional degrees drive the biggest balances, since undergraduate borrowing is capped. Whatever you owe, a clear payoff plan helps: pay more than the minimum on the highest-rate loan, check eligibility for income-driven repayment or forgiveness, and consider refinancing private loans if you can lower the rate. Map out your timeline with our student loan calculator and debt payoff calculator.
These statistics come from US Department of Education / Federal Student Aid data and cover federal loans; private student loans add more. Student-debt systems differ abroad — the UK, Canada and Australia use income-contingent repayment models that work very differently from US loans.