Oregon Student Loan Debt and Financial Aid Statistics

Federal student loan debt statistics in Oregon

  • Oregon has the 26th largest student loan debt of any state in the country
  • In total, the residents of Oregon owe a total of $​​20.1 billion
  • The average each resident owes is $37,017
  • A total of 543,000 residents in the state of Oregon have at least some amount of student loan debt
  • This makes Oregon the state with the 27th largest number of residents holding student loan debt
  • It also works out at around 12.79% of the population of the state
  • 12.79% makes Oregon the state with the 26th largest percentage of the population with student loan debt
  • 47.00% of the borrowers are under the age of 35 – the state with the 2nd lowest percentage of borrowers under the age of 35 just ahead of New Mexico and behind Oklahoma, Nevada, and Arizona.

How much student loan debt does the average Oregon resident have?

  • The average borrower from Oregon has a student loan debt of $37,017
  • This is the 14th largest average student loan debt of any state in the USA
  • And $770 below the national average of $37,787
  • Despite this average figure of $37,017, the amount that residents of Oregon owe can vary greatly:
    • 15.90% owe less than $5,000
    • 22.10% owe between $20,000 and $40,000
    • 2.30% owe more than $200,000

How much do Oregon residents borrow each year?

  • 36.60% of undergraduates in the state of Oregon take out student loans each year
  • This is the 29th-highest percentage of any state in the USA
  • 25.50% of students at 2-year colleges take out student loans each year
  • This is the 18th in the country
  • They are awarded ​​$5,544 on average – 25th most in the country for 2-year college students
  • 45.90% of students at 4-year colleges take out student loans each year
  • This is the 25th-highest percentage of any state
  • They are awarded $6,685 each year on average

State-level financial aid for students in Oregon

  • Oregon spends the 20th largest amount of state funds out of the 50 states plus Washington DC on student financial aid
  • The state spends $175.5 million per year
  • This works out to $658 per undergraduate student – the 22nd most
  • And 0.35% of the Gross State Product (GSP) – the 37th most
  • $92.8 million of the $175.5 million is spent on needs-based grants
  • The remaining $82.7 million is distributed through other programs – some of which may be due to be repaid