What's the average student loan debt teachers have, and how long does it take to pay back?
The average debt amount for college graduates today is $30,100. Many teachers owe more, however, especially if you attended graduate school. The teachers on our platform owe an average of closer to $50K in student debt.
It’s much harder to quantify average payback period because the government does not provide this statistic. From what we see though, many teachers are in repayment plans that take much longer than the 10-year standard plan. This is especially the case in major metropolitan areas with higher costs of living, but estimates can be further complicated by marriage and other variables that change the payment timeline for many borrowers.
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