Millennial Student Debt
Student Debt and Young America Annual Report and Comparison Tool
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The number of borrowers, the amount they owe, and the number of loans each borrower acquires, have all increased since the Great Recession. In 2019, 18-35 year-olds with student loan debt owed nearly $35,000 on average compared to just over $28,000 (USD 2019) in 2009. Back in 2009 there were only 32 million federal borrowers; in 2019, that number swelled to 43 million. If young Americans can hope to obtain a future coherently similar to generations before them, student debt relief is a big part of the picture. By specifically studying 18-35 year olds, we hope to highlight the serious financial obstacle that student debt poses to young adults across the geographical and demographic spectrum.The main topics in the report include:
- Debt X Income
- Debt X Costs
- Debt X Repayment
- Debt X Forgiveness
View the full report as an interactive web page here, and as a downloadable PDF here.
Explore the Millennial Student Debt – Comparison Tool, which allows for interactive comparisons of higher education and debt statistics for specific geographic areas at the national, state or congressional district level. Find a video tutorial for the tool here.
View the press release here.