The cost of college has steadily increased over the last 30 years. In that timeframe, tuition costs at public four-year colleges grew from $4,160 to $10,740 and from $19,360 to $38,070 at private nonprofit institutions (adjusted for inflation). As costs have risen, so has the need for student loans
www.forbes.com
Average Student Loan Debt in the United States
$1.75 trillion in total student loan debt (including federal and private loans)
$28,950 owed per borrower on average
About
92% of all student debt are federal student loans; the remaining amount is private student loans
55% of students from public four-year institutions had student loans
57% of students from private nonprofit four-year institutions took on education debt
Average Student Loan Debt for Men and Women
47% of women hold student loan debt
40% of men hold student loan debt