Total Number of Undergraduate and Graduate Federal Loan Borrowers and Average Amount Borrowed over Time

In 2012-13, undergraduate borrowers received federal Direct Loans averaging $6,760, while graduate students borrowed an average of $17,230.

Figure 7B: Total Number of Undergraduate and Graduate Federal Subsidized and Unsubsidized Student Loan Borrowers and Average Amount Borrowed in 2012 Dollars, 2002-03 to 2012-13
Notes & Sources 

NOTE: Dollar values are rounded to the nearest $10.

SOURCE: Tables 6A and 6B.

  • Over the past decade, the total number of federal student loan borrowers increased by 69%, from 5.9 million in 2002-03 to almost 10 million in 2012‑13. The average amount borrowed from federal subsidized and unsubsidized loan programs combined increased by 6%, from $7,900 in 2002-03 (in 2012 dollars) to $8,350 over this decade.