
Student Loan Market Report - Forecast Trends & Outlook (2025-2034)
Description
The global student loan market size was approximately USD 4.20 Trillion in 2024. The market is assessed to grow at a CAGR of 7.20% between 2025 and 2034, reaching a value of USD 8.42 Trillion by 2034.
Key Trends in the Market
Student loan refers to a lump sum of money that students receive from private companies, state government, or federal government, which is used towards school expenses, including accommodation and tuition fees, among others. These loans offer financial support to students who might otherwise not be able to afford expenses associated with a college education.
The EMR’s report titled “Global Student Loan Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Loan Type
As per the student loan market analysis, 24 year old or younger students are anticipated to account for a significant share of the market owing to the increasing preference for studying abroad among this age group. Graduating overseas can help students develop essential skills like communication, self-awareness, and self-confidence, earlier in life. Many organisations look for these skills in potential candidates. By graduating abroad, students can benefit from skill development programs, which enhances their personality and prepares them for leadership roles in the future. Studying overseas is an opportunity young people don’t want to miss, as it can open doors to new possibilities in life. This overshadows the high tuition fees and boarding cost, which is financed via student loans.
Market Share by Region
North America accounts for a significant student loan market share. This growth can be attributed to the presence of multiple high raking universities in the region and a strong student loan infrastructure. The availability of federal/government loans, which carry low interest rates, is further supporting the market expansion in North America. The long repayment schedule of these loans aids students in pursuing a stress-free education. The availability of counsellors and increasing government initiatives to boost awareness about the various advantages associated with availing student loans are providing lucrative growth opportunities to the market. The increasing cost of tuition fees across many universities in the region is further boosting the student loan market demand.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the student loan market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
SLM Corporation
SLM Corporation was incorporated in 1997 and is headquartered in Virginia, United States. The company finances private education loans in the United States. It offers competitively-priced loan products and services to help students fulfil their educational endeavours and meet the gap created despite student aid and scholarships, federal loans, or grants. Apart from this, it also operates in three business segments, which includes lending and asset performance.
Navient Solutions, LLC
Navient Solutions, LLC was found in 2013 and is headquartered in North Carolina, United States. It engages in the provision of asset management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. It operates through many segments, which includes private education loans, and business services, among others.
Citizens Financial Group, Inc.
Citizens Financial Group, Inc. was found in 1828 and is headquartered in Rhode Island, United States. It is one of America’s oldest and largest financial institutions. It offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large scale corporations, and institutions. Its product and solution range includes loan syndication, commodity risk management solutions, and corporate finance, among others.
Other key players in the student loan market include Nelnet, Inc., Discover Financial Services, LendKey Technologies, Inc., Avanse Financial Services Ltd., ICICI Bank Limited, Prodigy Finance Limited, Ascent Funding, LLC, Granite Edvance Corporation, and Social Finance, Inc., among others.
Key Trends in the Market
Student loan refers to a lump sum of money that students receive from private companies, state government, or federal government, which is used towards school expenses, including accommodation and tuition fees, among others. These loans offer financial support to students who might otherwise not be able to afford expenses associated with a college education.
- The increased preference for studying abroad due to availability of better economic and social opportunities supports the student loan market growth. Higher tuition fees and visa expenses make the cost of pursuing a master’s degree in the US and Canada much higher. Student loans cover the high cost of tuition fees, stationery supplies, and living expenses of students. However, these loans carry a high interest rate since they are provided free of collateral and have a long repayment period.
- Banks are enhancing their loan sanctioning process by digitalising various inter-channel approvals, along with customers’ credit score. This is helping millions of students in getting their tuition fees financed quickly. It also enables them to track their instalment through mobile apps and make payments quickly. Such facilities and services are enhancing the consumer convenience, further supporting the student loan market development.
- The literacy rate across many developing countries is increasing because of intensive efforts and measures taken by national and international agencies. Such efforts are encouraging students to pursue further education for economic and social upliftment, bolstering the market demand.
- Students from India, China, and Brazil especially have a high demand for these loans, because of lack of provision of adequate financial aid in these countries. They also form a big portion of the international student community abroad and settle for employment opportunities in the host country after studying technical and managerial subjects.
The EMR’s report titled “Global Student Loan Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Loan Type
- Federal/Government Loan
- Private Loan
- Standard Repayment Plan
- Graduated Repayment Plan
- Revised Pay As You Earn (REPAYE)
- Income-based (IBR)
- Others
- 24 or Younger
- 25 to 34
- Above 35
- Graduate Students
- High School Students
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
As per the student loan market analysis, 24 year old or younger students are anticipated to account for a significant share of the market owing to the increasing preference for studying abroad among this age group. Graduating overseas can help students develop essential skills like communication, self-awareness, and self-confidence, earlier in life. Many organisations look for these skills in potential candidates. By graduating abroad, students can benefit from skill development programs, which enhances their personality and prepares them for leadership roles in the future. Studying overseas is an opportunity young people don’t want to miss, as it can open doors to new possibilities in life. This overshadows the high tuition fees and boarding cost, which is financed via student loans.
Market Share by Region
North America accounts for a significant student loan market share. This growth can be attributed to the presence of multiple high raking universities in the region and a strong student loan infrastructure. The availability of federal/government loans, which carry low interest rates, is further supporting the market expansion in North America. The long repayment schedule of these loans aids students in pursuing a stress-free education. The availability of counsellors and increasing government initiatives to boost awareness about the various advantages associated with availing student loans are providing lucrative growth opportunities to the market. The increasing cost of tuition fees across many universities in the region is further boosting the student loan market demand.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the student loan market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
SLM Corporation
SLM Corporation was incorporated in 1997 and is headquartered in Virginia, United States. The company finances private education loans in the United States. It offers competitively-priced loan products and services to help students fulfil their educational endeavours and meet the gap created despite student aid and scholarships, federal loans, or grants. Apart from this, it also operates in three business segments, which includes lending and asset performance.
Navient Solutions, LLC
Navient Solutions, LLC was found in 2013 and is headquartered in North Carolina, United States. It engages in the provision of asset management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. It operates through many segments, which includes private education loans, and business services, among others.
Citizens Financial Group, Inc.
Citizens Financial Group, Inc. was found in 1828 and is headquartered in Rhode Island, United States. It is one of America’s oldest and largest financial institutions. It offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large scale corporations, and institutions. Its product and solution range includes loan syndication, commodity risk management solutions, and corporate finance, among others.
Other key players in the student loan market include Nelnet, Inc., Discover Financial Services, LendKey Technologies, Inc., Avanse Financial Services Ltd., ICICI Bank Limited, Prodigy Finance Limited, Ascent Funding, LLC, Granite Edvance Corporation, and Social Finance, Inc., among others.
Table of Contents
165 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Student Loan Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Student Loan Historical Market (2018-2024)
- 5.3 Global Student Loan Market Forecast (2025-2034)
- 5.4 Global Student Loan Market by Loan Type
- 5.4.1 Federal/Government Loan
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 Private Loan
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.5 Global Student Loan Market by Repayment Plan
- 5.5.1 Standard Repayment Plan
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Graduated Repayment Plan
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.3 Revised Pay As You Earn (REPAYE)
- 5.5.3.1 Historical Trend (2018-2024)
- 5.5.3.2 Forecast Trend (2025-2034)
- 5.5.4 Income-based (IBR)
- 5.5.4.1 Historical Trend (2018-2024)
- 5.5.4.2 Forecast Trend (2025-2034)
- 5.5.5 Others
- 5.6 Global Student Loan Market by Age Group
- 5.6.1 24 or Younger
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 25 to 34
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Above 35
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.7 Global Student Loan Market by End-User
- 5.7.1 Graduate Students
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 High School Students
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.7.3 Others
- 5.8 Global Student Loan Market by Region
- 5.8.1 North America
- 5.8.1.1 Historical Trend (2018-2024)
- 5.8.1.2 Forecast Trend (2025-2034)
- 5.8.2 Europe
- 5.8.2.1 Historical Trend (2018-2024)
- 5.8.2.2 Forecast Trend (2025-2034)
- 5.8.3 Asia Pacific
- 5.8.3.1 Historical Trend (2018-2024)
- 5.8.3.2 Forecast Trend (2025-2034)
- 5.8.4 Latin America
- 5.8.4.1 Historical Trend (2018-2024)
- 5.8.4.2 Forecast Trend (2025-2034)
- 5.8.5 Middle East and Africa
- 5.8.5.1 Historical Trend (2018-2024)
- 5.8.5.2 Forecast Trend (2025-2034)
- 6 North America Student Loan Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Student Loan Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Student Loan Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Student Loan Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Student Loan Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 SLM Corporation
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Navient Solutions, LLC
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Citizens Financial Group, Inc.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Nelnet, Inc.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Discover Financial Services
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 LendKey Technologies, Inc.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Avanse Financial Services Ltd.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 ICICI Bank Limited
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Prodigy Finance Limited
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Ascent Funding, LLC
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Granite Edvance Corporation
- 12.5.11.1 Company Overview
- 12.5.11.2 Product Portfolio
- 12.5.11.3 Demographic Reach and Achievements
- 12.5.11.4 Certifications
- 12.5.12 Social Finance, Inc.
- 12.5.12.1 Company Overview
- 12.5.12.2 Product Portfolio
- 12.5.12.3 Demographic Reach and Achievements
- 12.5.12.4 Certifications
- 12.5.13 Others
Pricing
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