Average Student Loan Monthly Payment

The most recent data from the Federal Reserve showed that the average student loan payment for borrowers in 2016 was $393. Adjusting for inflation, the average monthly student loan payment in 2025 is $503.

However, the average student loan payment can vary a lot based on factors such as repayment plan, interest rate, and loan term. It's also important to note that 38% of respondents said that at least one of their loans were in deferment (meaning they weren't currently making any payments at all).

Among borrowers that are actively paying down their student loans, the average student loan monthlys payment is much higher. This article explores the average student loan monthly payment in the US and what you can do to manage your own student loan debt.