We even have a free student loan snowball tool that might just change your life! (Read more about this and download the tool in the sections below!) What is considered a lot of student loan debt? the averages, this is your time to actually do something about it! Keep reading, and we'll show you how to get rid of your student loan debt. If you have more than $30k, you're worse than the average. So, if you have less than $30,000 in student loan debt, you're not sitting so bad. When people ask the question, "What is the average student loan debt in America?", they're really asking, "Do I have too much student loan debt?".and."How much trouble am I in with these student loans?" According to Value Penguin, the average student loan debt in America (for those that borrow) is $32,731. Related: Debt Snowball vs Avalanche Excel Spreadsheet (FREE Calculator!!) What is the average student loan debt in America? Our partners don't dictate what we choose to write. When creating content, we adhere to high editorial standards to make sure the information presented remains objective. Pages on LifeAndMyFinances may contain affiliate links to products for which we receive a commission when a user makes a purchase.