 TITLE: Consumers in Their Mid-30s Have the Highest Average Student Loan Debt CONTENT: Consumers in Their Early 20s Have Lowest Student Loan Debt\n----------------------------------------------------------\nOn the other end of the spectrum, 20-year-olds have the lowest student loan balances, owing an average of $11,576, according to Experian data from Q2 2019. They were followed by 21-year-olds and 22-year-olds, who had the second- and third-lowest balances, respectively.\nThe lower debt levels among younger consumers is attributable to several factors, including their age and what year they're in in school. For students who attended a college or university directly from high school, they may have only completed half of their degree by the time they are 20. These younger consumers are also less likely to have started an advanced degree, which in many cases is an additional cost covered by student loans. END