Does student loan debt go away after 10 years?
Andrew Ramirez
Published Feb 28, 2026
Do student loans go away after 10 years? Student loans can go away after 10 years if you work full-time in the public service and qualify for the Public Service Loan Forgiveness Program. To qualify, you’ll need to make several payments on Direct Loans under an income-driven repayment plan.
How many years does it take people to pay off their college debt?
Under the Department of Education’s standard repayment plan, it takes 10 years to pay off your student loans.
How much debt do college students owe?
You’ve probably heard another scary statistic: Americans owe over $1.71 trillion in student loan debt, spread out among about 44.7 million borrowers….STUDENT LOAN DEBT STATISTICS BY LOAN PROGRAM:
| Direct Loans | $1.32 trillion | 35.9 million borrowers |
|---|---|---|
| Total (All Federal) | $1.57 trillion | 42.9 million borrowers |
How many community college students are in debt?
Yet community college students are borrowing. In Virginia, one of the few states to publish detailed student debt information, the share of community college students graduating with debt has more than doubled over the past decade.
What’s the average debt for a college graduate?
What the Average College Grad’s Debt Looks Like Today, bachelor’s degree recipients with student loans graduate with an average debt of $37,172. That’s up from $20,000 just 13 years ago. And the mean debt for all people with outstanding student loans is $32,731.
How much money does the US have in student loan debt?
in total student loan debt. Americans now owe more than $1.53 trillion in student loan debt, based on the most current figures available to Nitro. That money is not only owed by young people fresh out of college, but also by borrowers who have been out of school for a decade or more.
Do you have student loan debt and no degree?
Student Loan Debt And No Degree: A Crisis For Millions Of Borrowers Some of the people struggling the most to pay back their debt are the millions of students who took out student loans but never finished a degree. Most days, 25-year-old Chavonne can push her student loan debt to the back of her mind.
