Average student loan debt after four years of completing a bachelor's degree in the United States in 2020, by race/ethnicity and Pell Grant receipt
(in U.S. dollars)
Characteristic
Average student loan debt in U.S. dollars
Black
58,400
Asian
49,100
Pacific Islander
46,300
Two or more races
43,400
White
43,300
Hispanic
41,700
American Indian or Alaska Native
36,900
Received Pell Grant
47,100
Never received Pell Grant
42,200
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In 2020, Black graduates took on the most student loan debt in the United States, borrowing an average of 58,400 U.S. dollars after four years of completing a bachelor's degree. In comparison, Hispanic graduates borrowed an average of 41,700 U.S. dollars after four years of completing a bachelor's degree.
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NCES. (May 31, 2023). Average student loan debt after four years of completing a bachelor's degree in the United States in 2020, by race/ethnicity and Pell Grant receipt (in U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/222453/average-us-students-undergraduate-student-loan-debt-by-race-or-ethnicity/
NCES. "Average student loan debt after four years of completing a bachelor's degree in the United States in 2020, by race/ethnicity and Pell Grant receipt (in U.S. dollars)." Chart. May 31, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/222453/average-us-students-undergraduate-student-loan-debt-by-race-or-ethnicity/
NCES. (2023). Average student loan debt after four years of completing a bachelor's degree in the United States in 2020, by race/ethnicity and Pell Grant receipt (in U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/222453/average-us-students-undergraduate-student-loan-debt-by-race-or-ethnicity/
NCES. "Average Student Loan Debt after Four Years of Completing a Bachelor's Degree in The United States in 2020, by Race/Ethnicity and Pell Grant Receipt (in U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 31 May 2023, /statistics/222453/average-us-students-undergraduate-student-loan-debt-by-race-or-ethnicity/
NCES, Average student loan debt after four years of completing a bachelor's degree in the United States in 2020, by race/ethnicity and Pell Grant receipt (in U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/222453/average-us-students-undergraduate-student-loan-debt-by-race-or-ethnicity/ (last visited July 27, 2026)
Average student loan debt after four years of completing a bachelor's degree in the United States in 2020, by race/ethnicity and Pell Grant receipt (in U.S. dollars) [Graph], NCES, May 31, 2023. [Online]. Available: /statistics/222453/average-us-students-undergraduate-student-loan-debt-by-race-or-ethnicity/
