Millions of Americans have federal student loans. This chart shows the distribution of borrowers by outstanding loan balance.

As of June 2025, 32% of borrowers owe less than $10,000 (representing 4% of all outstanding debt), 43% of borrowers owe between $10,000 and $40,000 (representing 24% of all outstanding debt), 15% owe between $40,000 and $80,000 (representing 23% of all outstanding debt), and 11% owe more than $80,000 (representing 49% of all outstanding debt). All told, 75% of borrowers owe less than $40,000.

Source: College Board, Trends in College Pricing 2025 (numbers may not equal 100% due to rounding)

This content has been reviewed by FINRA.

Prepared by Broadridge Advisor Solutions. © 2026 Broadridge Financial Services, Inc.

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5/13/26