Distribution of Borrowers and Debt by Outstanding Balance, 2017

In 2017, 50% of the outstanding federal education loan debt is held by the 12% of borrowers owing $60,000 or more.

Figure 8: Distribution of Borrowers and Debt by Outstanding Balance, 2017

Figure 8 represents Distribution of Borrowers and Debt by Outstanding Balance, 2017. For a corresponding Section 508-compliant data table, download the Excel spreadsheet.

Notes & Sources 

NOTES: Includes both loans made under the Federal Direct Loan Program and loans made under the Federal Family Education Loan Program, which ended in 2009-10.
SOURCE: U.S. Department of Education, Federal Student Aid Data Center, Federal Student Loan Portfolio.

  • In 2017, 57% of borrowers owe less than $20,000. These borrowers hold only 16% of the outstanding federal debt.