Americans Owe $1.5 Trillion in Student Loans, Report Says

Americans Owe $1.5 Trillion in Student Loans, Report Says Federal Reserve Data reported the number for the first-quarter of 2018, which exceeds auto loan debt and credit card debt. The College Board says the average new graduate will owe around $28,400, which is up from $22,100 in 2001. found that female students take out the most loans and borow the most money. Among borrows, the American Association of University Women, which pushes for equity and education for women and girls, Per the group’s findings, women hold two-thirds of the nation’s debt, and the average woman owes $2,740 more than a man upon completing a bachelor’s degree. Women also accounted for 56 percent of students enrolled in college in 2016.