U.S. Student Debt
in Real Time

In 2017, the total U.S. student debt topped $1.48 trillion and is tracking to surpass $1.57 trillion in 2019. As the student debt amounts rise, so do the pressures on borrowers. Student loan options such as deferment, income-driven repayment plans, or student loan refinancing can help borrowers manage their debt. But the numbers show America's student debt isn't going away anytime soon.

Here's a look at how much student loans we're borrowing over 00:00

Total federal student debt in the U.S.

$0,000,000,000,000
Repaid toward student debt today

$2,662

New student loans borrowed today

$3,232

New federal student loans borrowed today

$2,959

New private student loans borrowed today

$273

College costs in real time

Both federal and private student loan balances have increased dramatically in the past decade, and for one major reason: the rising costs of college.

Here's a look at what full-time students and the government are spending on to earn undergraduate degrees, in real time.

Spent on college expenses today by full-time students

$9,128

Spent on college tuition and fees today by full-time students

$4,831

Spent on room and board for college students today by full-time students

$4,297

Federal student aid in real time

Along with student loans, other forms of student aid can help college students manage their costs and limit student debt. Here's a look at federal student aid disbursed to students in real time.

Free Applications for Federal Student Aid (FAFSAs) submitted today

0.4

Total federal student aid disbursed today

$3,882

Total federal student grants disbursed today

$814

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