American student loan debt rose from $350 billion to $1.6 trillion between 2004 and 2022. Student loan debt has been the second highest household debt since 2010, surpassed only by housing loans. The data below is from the Federal Reserve Bank of New York’s Center for Microeconomic Data.
| Year | Student Loans (billions) | Other Debt (billions) | Credit Cards (billions) | Auto Loans (billions) | Housing Loans (billions) |
|---|---|---|---|---|---|
| 2004 | $350 | $420 | $720 | $730 | $6,830 |
| 2005 | $390 | $420 | $740 | $790 | $7,670 |
| 2006 | $480 | $410 | $770 | $820 | $8,840 |
| 2007 | $550 | $420 | $840 | $810 | $9,750 |
| 2008 | $640 | $410 | $870 | $790 | $9,960 |
| 2009 | $720 | $380 | $800 | $720 | $9,550 |
| 2010 | $810 | $340 | $730 | $710 | $9,120 |
| 2011 | $870 | $330 | $700 | $730 | $8,900 |
| 2012 | $970 | $320 | $680 | $780 | $8,600 |
| 2013 | $1,080 | $320 | $680 | $860 | $8,580 |
| 2014 | $1,160 | $340 | $700 | $950 | $8,680 |
| 2015 | $1,230 | $350 | $730 | $1,060 | $8,740 |
| 2016 | $1,310 | $380 | $780 | $1,160 | $8,950 |
| 2017 | $1,380 | $390 | $830 | $1,220 | $9,330 |
| 2018 | $1,460 | $410 | $870 | $1,270 | $9,540 |
| 2019 | $1,510 | $430 | $930 | $1,330 | $9,950 |
| 2020 | $1,550 | $420 | $820 | $1,370 | $10,390 |
| 2021 | $1,580 | $440 | $860 | $1,460 | $11,250 |
| 2022 | $1,600 | $510 | $990 | $1,550 | $12,260 |
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