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Student Loans in the U.S.
As of 30th September 2020, total outstanding student loans stood at $1,566.3 billions(out of 42.9 millions borrowers), an increase of $21.5 billions or 1.39% compares to $1,544.8 billions(out of 42.3 millions borrowers) as at 30th June 2020. 14.2 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $601.7 billions. Group between the age of 25 to 34 has the highest number of borrowers, 14.8 millions, with $500.5 billions outstanding student loans.

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Quarterly Outstanding Student Loans in the U.S. 2020

As of 31st March 2020, total outstanding student loans stood at $1,542.7 billions(out of 42.6 millions borrowers), an increase of $27.7 billions or 1.83% compares to $1,515.0 billions(out of 42.8 millions borrowers) as at 31st December 2019. 14.1 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $589.8 billions. Group between the age of 25 to 34 has the highest number of borrowers, 14.8 millions, with $500.1 billions outstanding student loans. The total $1,542.7 billions outstanding student loans can be further broken down as:-

  • $1,284.7 billions outstanding Direct Loans(out of 35.3 millions borrowers), an increase of $32.8 billions or 2.62% compares to $1,251.9 billions(out of 35.3 millions borrowers) as at 31st December 2019.
  • $252.4 billions outstanding Federal Family Education Loans-FFEL(out of 11.5 millions borrowers), a decrease of $4.8 billions or 1.87% compares to $257.2 billions(out of 11.8 millions borrowers) as at 31st December 2019.
  • $5.6 billions outstanding Perkins Loans(out of 1.9 millions borrowers), a decrease of $0.3 billions or 5.08% compares to $5.9 billions(out of 1.9 millions borrowers) as at 31st December 2019.

As of 30th June 2020, total outstanding student loans stood at $1,544.8 billions(out of 42.3 millions borrowers), an increase of $2.1 billions or 0.14% compares to $1,542.7 billions(out of 42.6 millions borrowers) as at 31st March 2020. 14.1 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $594.5 billions. Group between the age of 25 to 34 has the highest number of borrowers, 14.8 millions, with $498.0 billions outstanding student loans. The total $1,544.8 billions outstanding student loans can be further broken down as:-

  • $1,290.6 billions outstanding Direct Loans(out of 35.2 millions borrowers), an increase of $5.9 billions or 0.46% compares to $1,284.7 billions(out of 35.3 millions borrowers) as at 31st March 2020.
  • $248.7 billions outstanding Federal Family Education Loans-FFEL(out of 11.2 millions borrowers), a decrease of $3.7 billions or 1.47% compares to $252.4 billions(out of 11.5 millions borrowers) as at 31st March 2020.
  • $5.4 billions outstanding Perkins Loans(out of 1.8 millions borrowers), a decrease of $0.2 billions or 3.57% compares to $5.6 billions(out of 1.9 millions borrowers) as at 31st March 2020.

The total $1,566.3 billions outstanding student loans can be further broken down as:-

  • $1,315.2 billions outstanding Direct Loans(out of 35.9 millions borrowers), an increase of $24.6 billions or 1.91% compares to $1,290.6 billions(out of 35.2 millions borrowers) as at 30th June 2020.
  • $245.9 billions outstanding Federal Family Education Loans-FFEL(out of 11.0 millions borrowers), a decrease of $2.8 billions or 1.13% compares to $248.7 billions(out of 11.2 millions borrowers) as at 30th June 2020.
  • $5.2 billions outstanding Perkins Loans(out of 1.7 millions borrowers), a decrease of $0.2 billions or 3.70% compares to $5.4 billions(out of 1.8 millions borrowers) as at 30th June 2020.

Yearly Outstanding Student Loans in the U.S. 2015 - 2019

As of 31st December 2019, total outstanding student loans stood at $1,515.0 billions(out of 42.8 millions borrowers), an increase of $67.9 billions or 4.69% compares to $1,447.1 billions(out of 43.0 millions borrowers) as at 31st December 2018. The total $1,515.0 billions outstanding student loans can be further broken down as:-

  • $1,251.9 billions outstanding Direct Loans(out of 35.3 millions borrowers), an increase of $88.6 billions or 7.62% compares to $1,163.3 billions(out of 34.5 millions borrowers) as at 31st December 2018.
  • $257.2 billions outstanding Federal Family Education Loans-FFEL(out of 11.8 millions borrowers), a decrease of $19.8 billions or 7.15% compares to $277.0 billions(out of 13.1 millions borrowers) as at 31st December 2018.
  • $5.9 billions outstanding Perkins Loans(out of 1.9 millions borrowers), a decrease of $1.0 billions or 14.49% compares to $6.9 billions(out of 2.2 millions borrowers) as at 31st December 2018.

As of 31st December 2018, total outstanding student loans stood at $1,447.1 billions(out of 43.0 millions borrowers), an increase of $71.6 billions or 5.21% compares to $1,375.5 billions(out of 42.8 millions borrowers) as at 31st December 2017. The total $1,447.1 billions outstanding student loans can be further broken down as:-

  • $1,163.3 billions outstanding Direct Loans(out of 34.5 millions borrowers), an increase of $96.5 billions or 9.05% compares to $1,066.8 billions(out of 33.3 millions borrowers) as at 31st December 2017.
  • $277.0 billions outstanding Federal Family Education Loans-FFEL(out of 13.1 millions borrowers), a decrease of $24.1 billions or 8.00% compares to $301.1 billions(out of 14.5 millions borrowers) as at 31st December 2017.
  • $6.9 billions outstanding Perkins Loans(out of 2.2 millions borrowers), a decrease of $0.7 billions or 9.21% compares to $7.6 billions(out of 2.5 millions borrowers) as at 31st December 2016.

As of 31st December 2017, total outstanding student loans stood at $1,375.5 billions(out of 42.8 millions borrowers), an increase of $75.8 billions or 5.83% compares to $1,299.7 billions(out of 42.4 millions borrowers) as at 31st December 2017. The total $1,375.5 billions outstanding student loans can be further broken down as:-

  • $1,066.8 billions outstanding Direct Loans(out of 33.3 millions borrowers), an increase of $103.3 billions or 10.72% compares to $963.5 billions(out of 31.9 millions borrowers) as at 31st December 2016.
  • $301.1 billions outstanding Federal Family Education Loans-FFEL(out of 14.5 millions borrowers), a decrease of $27.2 billions or 8.29% compares to $328.3 billions(out of 16.1 millions borrowers) as at 31st December 2016.
  • $7.6 billions outstanding Perkins Loans(out of 2.5 millions borrowers), a decrease of $0.3 billions or 3.80% compares to $7.9 billions(out of 2.7 millions borrowers) as at 31st December 2016.

As of 31st December 2016, total outstanding student loans stood at $1,299.7 billions(out of 42.4 millions borrowers), an increase of $79.4 billions or 6.51% compares to $1,220.3 billions(out of 41.8 millions borrowers) as at 31st December 2015. The total $1,299.7 billions outstanding student loans can be further broken down as:-

  • $963.5 billions outstanding Direct Loans(out of 31.9 millions borrowers), an increase of $108.7 billions or 12.72% compares to $854.8 billions(out of 30.3 millions borrowers) as at 31st December 2015.
  • $328.3 billions outstanding Federal Family Education Loans-FFEL(out of 16.1 millions borrowers), a decrease of $29.0 billions or 8.12% compares to $357.3 billions(out of 17.5 millions borrowers) as at 31st December 2015.
  • $7.9 billions outstanding Perkins Loans(out of 2.7 millions borrowers), a decrease of $0.2 billions or 2.47% compares to $8.1 billions(out of 2.9 millions borrowers) as at 31st December 2015.

Quarterly Outstanding Student Loans in the U.S. 2019

As of 31st March 2019, total outstanding student loans stood at $1,476.6 billions(out of 42.8 millions borrowers), an increase of $29.5 billions or 2.04% compares to $1,447.1 billions(out of 43.0 millions borrowers) as at 31st December 2018. 14.1 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $557.6 billions. Group between the age of 25 to 34 has the highest number of borrowers, 15.1 millions, with $497.6 billions outstanding student loans.

The total $1,476.6 billions outstanding student loans can be further broken down as:-

  • $1,198.4 billions outstanding Direct Loans(out of 34.5 millions borrowers), an increase of $35.1 billions or 3.02% compares to $1,163.3 billions(out of 34.5 millions borrowers) as at 31st December 2018.
  • $271.6 billions outstanding Federal Family Education Loans-FFEL(out of 12.8 millions borrowers), a decrease of $5.4 billions or 1.95% compares to $277.0 billions(out of 13.1 millions borrowers) as at 31st December 2018.
  • $6.6 billions outstanding Perkins Loans(out of 2.2 millions borrowers), a decrease of $0.3 billions or 4.35% compares to $6.9 billions(out of 2.2 millions borrowers) as at 31st December 2018.

As of 30th June 2019, total outstanding student loans stood at $1,481.1 billions(out of 42.2 millions borrowers), an increase of $4.5 billions or 0.30% compares to $1,476.6 billions(out of 42.8 millions borrowers) as at 31st March 2019. 14.0 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $564.0 billions. Group between the age of 25 to 34 has the highest number of borrowers, 15.0 millions, with $497.0 billions outstanding student loans.

The total $1,476.6 billions outstanding student loans can be further broken down as:-

  • $1,208.8 billions outstanding Direct Loans(out of 34.3 millions borrowers), an increase of $10.4 billions or 0.87% compares to $1,198.4 billions(out of 34.5 millions borrowers) as at 31st March 2019.
  • $266.0 billions outstanding Federal Family Education Loans-FFEL(out of 12.4 millions borrowers), a decrease of $5.6 billions or 2.06% compares to $271.6 billions(out of 12.8 millions borrowers) as at 31st March 2019.
  • $6.3 billions outstanding Perkins Loans(out of 2.1 millions borrowers), a decrease of $0.3 billions or 4.55% compares to $6.6 billions(out of 2.2 millions borrowers) as at 31st March 2019.

As of 30th September 2019, total outstanding student loans stood at $1,510.3 billions(out of 42.9 millions borrowers), an increase of $29.2 billions or 1.97% compares to $1,481.1 billions(out of 42.2 millions borrowers) as at 30th June 2019. 14.1 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $575.5 billions. Group between the age of 25 to 34 has the highest number of borrowers, 15.0 millions, with $501.5 billions outstanding student loans.

The total $1,510.3 billions outstanding student loans can be further broken down as:-

  • $1,242.6 billions outstanding Direct Loans(out of 35.1 millions borrowers), an increase of $33.8 billions or 2.80% compares to $1,208.8 billions(out of 34.3 millions borrowers) as at 30th June 2019.
  • $261.6 billions outstanding Federal Family Education Loans-FFEL(out of 12.1 millions borrowers), a decrease of $4.4 billions or 1.65% compares to $266.0 billions(out of 12.4 millions borrowers) as at 30th June 2019.
  • $6.1 billions outstanding Perkins Loans(out of 2.0 millions borrowers), a decrease of $0.2 billions or 3.17% compares to $6.3 billions(out of 2.1 millions borrowers) as at 30th June 2019.

As of 31st December 2019, total outstanding student loans stood at $1,515.0 billions(out of 42.8 millions borrowers), an increase of $4.7 billions or 0.31% compares to $1,510.3 billions(out of 42.9 millions borrowers) as at 30th September 2019. 14.1 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $581.2 billions. Group between the age of 25 to 34 has the highest number of borrowers, 14.9 millions, with $498.1 billions outstanding student loans.

The total $1,515.0 billions outstanding student loans can be further broken down as:-

  • $1,251.9 billions outstanding Direct Loans(out of 35.3 millions borrowers), an increase of $9.3 billions or 0.75% compares to $1,242.6 billions(out of 35.1 millions borrowers) as at 30th September 2019.
  • $257.2 billions outstanding Federal Family Education Loans-FFEL(out of 11.8 millions borrowers), a decrease of $4.4 billions or 1.68% compares to $261.6 billions(out of 12.1 millions borrowers) as at 30th September 2019.
  • $5.9 billions outstanding Perkins Loans(out of 1.9 millions borrowers), a decrease of $0.2 billions or 3.28% compares to $6.1 billions(out of 2.0 millions borrowers) as at 30th September 2019.

Quarterly Outstanding Student Loans in the U.S. 2018

As of 31st March 2018, total outstanding student loans stood at $1,407.1 billions(out of 42.6 millions borrowers), an increase of $31.6 billions or 2.30% compares to $1,375.5 billions(out of 42.8 millions borrowers) as at 31st December 2017. 13.8 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $522.4 billions. Group between the age of 25 to 34 has the highest number of borrowers, 15.2 millions, with $488.6 billions outstanding student loans.

The total $1,407.1 billions outstanding student loans can be further broken down as:-

  • $1,104.0 billions outstanding Direct Loans(out of 33.4 millions borrowers), an increase of $37.2 billions or 3.49% compares to $1,066.8 billions(out of 33.3 millions borrowers) as at 31st December 2017.
  • $295.5 billions outstanding Federal Family Education Loans-FFEL(out of 14.2 millions borrowers), a decrease of $5.6 billions or 1.86% compares to $301.1 billions(out of 14.5 millions borrowers) as at 31st December 2017.
  • $7.6 billions outstanding Perkins Loans(out of 2.5 millions borrowers), similar to outstanding Perkins Loans as at 31st December 2017.

As of 30th June 2018, total outstanding student loans stood at $1,412.0 billions(out of 42.2 millions borrowers), an increase of $4.9 billions or 0.35% compares to $1,407.1 billions(out of 42.6 millions borrowers) as at 31st March 2018. 13.8 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $529.6 billions. Group between the age of 25 to 34 has the highest number of borrowers, 15.1 millions, with $489.0 billions outstanding student loans.

The total $1,412.0 billions outstanding student loans can be further broken down as:-

  • $1,116.0 billions outstanding Direct Loans(out of 33.3 millions borrowers), an increase of $12.0 billions or 1.09% compares to $1,104.0 billions(out of 33.4 millions borrowers) as at 31st March 2018.
  • $288.6 billions outstanding Federal Family Education Loans-FFEL(out of 13.8 millions borrowers), a decrease of $6.9 billions or 2.34% compares to $295.5 billions(out of 14.2 millions borrowers) as at 31st March 2018.
  • $7.4 billions outstanding Perkins Loans(out of 2.4 millions borrowers), a decrease of $0.2 billions or 2.63% compares to $7.6 billions(out of 2.5 millions borrowers) as at 31st March 2018.

As of 30th September 2018, total outstanding student loans stood at $1,439.2 billions(out of 42.9 millions borrowers), an increase of $27.2 billions or 1.93% compares to $1,412.0 billions(out of 42.2 millions borrowers) as at 30th June 2018. 14.0 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $540.3 billions. Group between the age of 25 to 34 has the highest number of borrowers, 15.2 millions, with $494.8 billions outstanding student loans.

The total $1,439.2 billions outstanding student loans can be further broken down as:-

  • $1,150.3 billions outstanding Direct Loans(out of 34.2 millions borrowers), an increase of $34.3 billions or 3.07% compares to $1,116.0 billions(out of 33.3 millions borrowers) as at 30th June 2018.
  • $281.8 billions outstanding Federal Family Education Loans-FFEL(out of 13.5 millions borrowers), a decrease of $6.8 billions or 2.36% compares to $288.6 billions(out of 13.8 millions borrowers) as at 30th June 2018.
  • $7.1 billions outstanding Perkins Loans(out of 2.3 millions borrowers), a decrease of $0.3 billions or 4.05% compares to $7.4 billions(out of 2.4 millions borrowers) as at 30th June 2018.

As of 31st December 2018, total outstanding student loans stood at $1,447.1 billions(out of 43.0 millions borrowers), an increase of $7.9 billions or 0.55% compares to $1,439.2 billions(out of 42.9 millions borrowers) as at 30th September 2018. 14.1 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $548.4 billions. Group between the age of 25 to 34 has the highest number of borrowers, 15.2 millions, with $494.2 billions outstanding student loans.

The total $1,447.1 billions outstanding student loans can be further broken down as:-

  • $1,163.3 billions outstanding Direct Loans(out of 34.5 millions borrowers), an increase of $13.0 billions or 1.13% compares to $1,150.3 billions(out of 34.2 millions borrowers) as at 30th September 2018.
  • $277.0 billions outstanding Federal Family Education Loans-FFEL(out of 13.1 millions borrowers), a decrease of $4.8 billions or 1.70% compares to $281.8 billions(out of 13.5 millions borrowers) as at 30th September 2018.
  • $6.9 billions outstanding Perkins Loans(out of 2.2 millions borrowers), a decrease of $0.2 billions or 2.82% compares to $7.1 billions(out of 2.3 millions borrowers) as at 30th September 2018.

Yearly Outstanding Student Loans in the U.S. 2015 - 2018

As of 31st December 2018, total outstanding student loans stood at $1,447.1 billions(out of 43.0 millions borrowers), an increase of $71.6 billions or 5.21% compares to $1,375.5 billions(out of 42.8 millions borrowers) as at 31st December 2017. The total $1,447.1 billions outstanding student loans can be further broken down as:-

  • $1,163.3 billions outstanding Direct Loans(out of 34.5 millions borrowers), an increase of $96.5 billions or 9.05% compares to $1,066.8 billions(out of 33.3 millions borrowers) as at 31st December 2016.
  • $277.0 billions outstanding Federal Family Education Loans-FFEL(out of 13.1 millions borrowers), a decrease of $24.1 billions or 8.00% compares to $301.1 billions(out of 14.5 millions borrowers) as at 31st December 2016.
  • $6.9 billions outstanding Perkins Loans(out of 2.2 millions borrowers), a decrease of $0.7 billions or 9.21% compares to $7.6 billions(out of 2.5 millions borrowers) as at 31st December 2016.

As of 31st December 2017, total outstanding student loans stood at $1,375.5 billions(out of 42.8 millions borrowers), an increase of $75.8 billions or 5.83% compares to $1,299.7 billions(out of 42.4 millions borrowers) as at 31st December 2016. The total $1,375.5 billions outstanding student loans can be further broken down as:-

  • $1,066.8 billions outstanding Direct Loans(out of 33.3 millions borrowers), an increase of $103.3 billions or 10.72% compares to $963.5 billions(out of 31.9 millions borrowers) as at 31st December 2016.
  • $301.1 billions outstanding Federal Family Education Loans-FFEL(out of 14.5 millions borrowers), a decrease of $27.2 billions or 8.29% compares to $328.3 billions(out of 16.1 millions borrowers) as at 31st December 2016.
  • $7.6 billions outstanding Perkins Loans(out of 2.5 millions borrowers), a decrease of $0.3 billions or 3.80% compares to $7.9 billions(out of 2.7 millions borrowers) as at 31st December 2016.

As of 31st December 2016, total outstanding student loans stood at $1,299.7 billions(out of 42.4 millions borrowers), an increase of $79.4 billions or 6.51% compares to $1,220.3 billions(out of 41.8 millions borrowers) as at 31st December 2015. The total $1,299.7 billions outstanding student loans can be further broken down as:-

  • $963.5 billions outstanding Direct Loans(out of 31.9 millions borrowers), an increase of $108.7 billions or 12.72% compares to $854.8 billions(out of 30.3 millions borrowers) as at 31st December 2015.
  • $328.3 billions outstanding Federal Family Education Loans-FFEL(out of 16.1 millions borrowers), a decrease of $29.0 billions or 8.12% compares to $357.3 billions(out of 17.5 millions borrowers) as at 31st December 2015.
  • $7.9 billions outstanding Perkins Loans(out of 2.7 millions borrowers), a decrease of $0.2 billions or 2.47% compares to $8.1 billions(out of 2.9 millions borrowers) as at 31st December 2015.

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