The Highest Monthly Student Loan Payments Are Paid By Those Least Able to Afford Them

Over 50 percent of respondents that report currently paying student loans are between the ages of 23 and 32. Respondents in this age group have the highest percentage of respondents that have a monthly payment greater than $250 a month (ages 23-27 at 42 percent and ages 28-32 at 41 percent). And the median pay for respondents in these age groups are among the lowest, with the median pay for ages 23 to 27 at $46,700 and the median pay for ages 28 to 32 at $57,900.

How do I compare?

Use this customizable tool to see how you compare to the average college student loan repayment for your age, monthly payment amount and salary.

Find Out Exactly What You
Should Be Paid
Find Out Exactly What You
Should Be Paid
use payscale's education data
ADVERTISEMENT

Subscribe to Our Newsletter

Salary and career advice to put you a step ahead.
newsletter icon

ADVERTISEMENT
Put a Badge on it
Did your school rank well in one or more of the categories of the 2016 PayScale College ROI Report? You can easily share that good news with the world by placing a College ROI Report badge on your website. Simply copy the code below: