Report Highlights. Student loan debt in the United States totals $1.833 trillion; annual growth resumes following a decline in 2023-24.
- The outstanding federal student loan balance is $1.693 trillion; 42.8 million student borrowers have federal loan debt.
- Federal student loan debt represents 90.9% of all student loan debt; 9.13% of student loan debt is private, including $29.7 billion in refinance loans.
- The average federal student loan debt balance is $39,547, while the total average balance (including private loan debt) may be as high as $43,333.
- 10.0% of federal student loans dollars were delinquent as of 2025’s fourth financial quarter (2025 Q4); 1.62% of private student loans were in default as of 2025 Q3.
- The average public…