Distribution of Borrowers and Debt by Outstanding Balance, 2018

As of March 2018, 40% of the outstanding federal education loan debt was held by the 9% of borrowers owing $80,000 or more.

Figure 11: Distribution of Borrowers and Debt by Outstanding Balance, 2018

Notes & Sources 

NOTE: 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. Data were as of March 31, 2018, the end of the second quarter of FY18. 

SOURCE: U.S. Department of Education, Federal Student Aid Data Center, Federal Student Loan Portfolio.
 

  • As of March 2018, 56% of borrowers owed less than $20,000. These borrowers held 15% of the outstanding federal debt.