Oregon Student Loan Debt and Financial Aid Statistics

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

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