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Student Loan Debt: 2021 Statistics and Outlook

The numbers are staggering-and still on the rise

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Nearly one-third of all American students now have to go into debt to get through college, and the average student loan debt reached a record high of $38,792 in 2020. Collectively, they owe about $1.58 trillion as of , according to the Federal Reserve Bank of New York.

As any recent college student-or parent of a student-knows, obtaining a degree requires a much bigger financial sacrifice today than it did a generation or two ago. Over the past three decades, the average cost to attend a public four-year institution is more than three times the cost to attend a public four-year institution, and it more than doubled at both private and public four-year schools, according to the College Board. Continuar leyendo: “Student Loan Debt: 2021 Statistics and Outlook” →


Who is eligible for US federal loans?

The Hertie School is able to certify loan applications for the US direct loan programme. US federal student loans for graduate and doctoral students are administered centrally by the Hertie School US loans team.

Please be sure to read through the following sections carefully and before starting the application process as it may differ from those made at US universities.

Key facts

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  • Are US citizens or hold a US passport
  • Are enrolled in the MPP, MIA or PhD programme
  • Are enrolled at least half-time

The direct loan programme at the Hertie School offers two types of loans:

  • Direct unsubsidised loans (interest rate 6.6 % plus loan fee deducted from disbursement 1.062%): Not based on financial need; total aggregate annual limit: $20,500
  • Direct unsubsidised PLUS loans (interest rate 7.6 % plus fee of 4.248%): Help pay for education expenses up to the cost of attendance minus all other financial assistance.

Interest is charged during all periods for both loans: During the period of study, during grace and/or deferment periods. For updated information on interest rates and loan fees, click here:

Determining loan amounts

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Please find our costs of attendance (COA) eligible costs for direct loans below. The exchange rate is updated every January. Additional expenses for students with disabilities will be decided on a case-by-case basis. Continuar leyendo: “Who is eligible for US federal loans?” →


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