Even with a slew of options to pay for college, many students graduate with some form of debt. In fact, the average amount of loan debt per student is $39,351, with a monthly payment of $393. Students graduating in 2021 hold an average of $30,600. There’s no sign of the average debt load slowing down for future graduates, either. Whether you’re 21, 23, 25, 27, or older, graduating in 2022 or beyond, expect the average debt to increase.