By the numbers: Georgia and student loan debt

President Joe Biden speaks about student loan forgiveness, while joined by Education Secretary Miguel Cardona, in the Roosevelt Room of the White House, Washington, on Aug. 24, 2022. (Al Drago/The New York Times)

Feb 28, 2023

The U.S. Supreme Court heard arguments Tuesday concerning the legality of President Joe Biden’s student loan debt forgiveness plan.

Here’s a closer look at student loan debt in Georgia:

1,639,600 — the number of borrowers who live in Georgia, which ranks seventh nationally.
$41,600 - the average borrower balance, which is third nationally.
642,000 - the number applications fully approved for debt relief.
9% - the percentage of borrowers in 2021 who had past-due accounts greater than 90 days.
68,000 - the estimated number of residents 62 and older with student loan debt.

Sources: The White House, U.S. Department of Education, Federal Reserve Bank of New York.