Loan Statistics

Student loan debt in the U.S. has exceeded $1,841 billion in Q3 2025. This financial burden has far-reaching implications for individuals and the economy as a whole, making it a pressing issue in today's society.

Key Stats

• Total student loan debt: $1,841 billion (Q3 2025)
• Average student loan debt: $43,523 (Q3 2025)
• Year over year: 3.84% increase (Q3 2024 vs Q3 2025)
• Top student loan debt holders by age: Age group 35-49 years ($586.90 billion)
• State with highest student loan debt: California ($144 billion)

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Americans have a massive amount of auto loan debt, over $1.66 trillion in total, which comes out to over $13,739 per household. These loans are getting more expensive, too. While the average auto loan rate trended downward from the '90s all the way through the middle of the COVID-19 pandemic, it's shot up dramatically in the last few years due to inflation and federal funds rate increases.

Below, you can find some statistics that will help you understand the auto loan market as a whole – everything from interest rates on new and used cars to monthly sales data and information on which car companies Americans are choosing most.

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Debt plays a vital role in economic dynamics, influencing personal finances and national economic policies. According to WalletHub's latest data, U.S. households carry an average of $151,252 in debt overall, including $9,821 in credit card debt. In total, U.S. household debt amounts to $18.39 trillion, with credit card debt alone totaling $1.21 trillion.

1. Total Debt Over Time
2. Total Debt by Age
3. Percent of Delinquency by Loan Type
4. Debt-to-Income Ratio
5. Debt Share by Product Type & Age
6. Average Balance by Type of Consumer Debt
7. Average Debt by Generation
8. Average Debt by Credit Score
9. Average Consumer Debt by State

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A VA loan is a government-backed mortgage that helps veterans and eligible members of the military community secure home financing through private lenders like banks, credit unions, and other mortgage companies. There are three major types of VA loans: cash-out loans that allow users to borrow from their home equity or swap out their normal home loans for VA-backed loans, purchase loans that help users buy or improve their home without a down payment, and interest rate reduction refinance loans (IRRRL) that can help lower the interest rates for existing VA home loans.

Below, you can find the latest statistics on VA loans, including market share by lender and originations by quarter. You can also see how rates and loan amounts have changed over time.

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Payday loans are short-term, high-interest loans intended to provide quick cash to borrowers in advance of their next paycheck. Although they can help people make ends meet in the short term, these loans typically come with high fees that can lead borrowers into a cycle of debt.

Below are key statistics that provide an overview of the payday loan landscape.

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Around 23% of Americans are debt free, according to the most recent data available from the Federal Reserve. That figure factors in every type of debt, from credit card balances and student loans to mortgages, car loans, and more.

The exact definition of debt free can vary, though, depending on whom you ask. For example, some people don't count mortgages because they are viewed as “good debt” by creditors, since they are secured by...

The most common type of loan is an installment loan, which is a one-time lump sum of money that the borrower has to pay off in equal portions at regular intervals - typically monthly. Some examples of installment loans include personal loans, car loans, and mortgages. Some installment loans can be used for one specific purpose, while others can be used for almost anything.

Common Types of Loans

• Personal loans
• Auto loans
...