So just how much does the average American owe post-college? Here are some key statistics on student debt, courtesy of Student Loan Hero:
- The average Class of 2016 graduate racked up just over $37,000 in student debt, up 6% from the previous year.
- The average 20- to 30-year old American’s monthly student loan payment is $351.
- 43 million Americans collectively owe $1.3 trillion in student loans.