How Much Student Loan Do I Owe?

How Much Student Loan Do I Owe?
If you’re a former student with federal student loans, you can find out by logging in to your account on the National Student Loan Data System (NSLDS).

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If you’re like most college graduates, you have student loans. You may have multiple loans from different lenders, and you might not even know how much you owe. This can make it difficult to create a budget and plan for repayment.

The first step in getting a handle on your student loan debt is to find out how much you owe. You can do this by contacting your lenders and requesting a statement of account for each loan. You can also log in to your account on the National Student Loan Data System (NSLDS) at

Once you know how much you owe, you can begin to develop a plan for repayment. If you’re struggling to make your payments, there are options available to help make repayment more manageable. For more information on repayment options, contact your loan servicer or visit

How to find out how much you owe

There are a few ways to find out how much you owe on your student loans. You can check your latest student loan statement or look online through your student loan servicers’ website. If you have multiple student loans, you might have to check with each servicer to get a complete picture of your debt.

The federal government also offers a tool called the National Student Loan Data System (NSLDS). This tool can help you keep track of all your federal student loans in one place. To access the NSLDS, you’ll need to provide some personal information, like your Social Security number, date of birth, and the type of loan you have.

If you’re having trouble figuring out how much you owe, contact your student loan servicer or the Department of Education for help.

Federal student loans

As of 2019, the average student loan debt for graduated seniors was $29,200.

There are two types of federal student loans: direct subsidized loans and direct unsubsidized loans.

With a direct subsidized loan, the government pays the interest on your loan while you’re in school at least half-time, during your grace period, and during any deferment periods.

With a direct unsubsidized loan, you’re responsible for paying the interest on your loan from the time the loan is disbursed until it’s paid in full. You can choose to pay the interest while you’re in school and during grace periods and deferment or forbearance periods, or you can allow it to accrue and be capitalized (added to your principal balance), which will increase the size of your future payments.

Private student loans

If you have private student loans, you can find out how much you owe by checking your credit report or contacting your loan servicer.

Your credit report will list all of your outstanding debts, including your student loans. You can get a free copy of your credit report once a year from each of the three major credit bureaus: Experian, Equifax, and TransUnion.

If you don’t want to wait for your annual credit report, you can contact your loan servicer to get a current balance for your private student loans. Your loan servicer is the company that handles the billing and payments for your loan.

You can find the contact information for your loan servicer on your monthly billing statement or by logging in to your account on the servicer’s website. If you can’t remember who your servicer is, you can look it up on the National Student Loan Data System (NSLDS).

What to do if you can’t afford your student loan payments

If you cannot afford your student loan payments, there are a number of options available to you. You can apply for a deferment or forbearance, which will allow you to temporarily stop making payments or reduce your monthly payment amount. You can also modify your repayment plan to make it more affordable. If you are struggling to make payments, it’s important to contact your lender as soon as possible to discuss youroptions.


In conclusion, there is no one-size-fits-all answer to the question, “How much student loan do I owe?” The amount that you owe will depend on many factors, including the type of loan, the interest rate, the repayment terms, and your personal financial situation. However, by understanding your loans and creating a realistic budget, you can make a plan to pay off your student loan debt and regain control of your finances.

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