Tennessee Independent Colleges
and Universities Association

Private Colleges Serving Tennessee

Average Monthly Expenditures and
Student Loan Payments

According to a Brookings report that examined wage earning US households making payments on student loan debts:  "Monthly student loan payments are relatively small compared to ...[housing, transportation and food expenses]...and are closer in scale to monthly spending on entertainment, apparel, and health care."

Source:  Akers, Beth, Brookings Institute, The Typical Household with Student Loan Debt, June 19, 2014, accessed online at  http://www.brookings.edu/research/papers/2014/06/19-typical-student-loan-debt-akers

Message from TICUA President Claude Pressnell: This message is part of an ongoing series of charts from the Tennessee Independent Colleges and Universities Association highlighting the impact of our 34 member campuses. We hope that you will find this information helpful.

Previous TICUA Facts are available on the TICUA website: http://www.ticua.org/research/TICUA_Facts

Please contact us for additional information either by phone at 615-242-6400 or email at research@ticua.org.