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Growth in Student Loan Debt Slowed in 2019

10/09/2020

The Institute for College Access and Success (TICAS) recently released the latest installment of its annual report, Student Debt and the Class of 2019.

The report found that both the percentage of students who took out loans for college and the average amount they owed at graduation fell between 2018 and 2019. In 2019, 62 percent of students who graduated from public and nonprofit colleges and universities had student loan debt, down from 65 percent of the members of the class of 2018. The total amount owed by borrowers also fell slightly, from $29,200 in 2018 to 28,950 in 2019.

TICAS also examined borrowing and repayment patterns among students who graduated several years ago. A much greater share of African American and Latinx borrowers who graduated in 2015-16 had trouble making student loan payments within a year of graduation than White, non-Hispanic students, according to the report.

Access the full report here .

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Ken Redd

Senior Director, Research and Policy Analysis

202.861.2527

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