District of Columbia Debt Statistics

Steve Goldstein
Steve Goldstein
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District of Columbia Debt Statistics 2023: Facts about Debt in District Of Columbia reflect the current socio-economic condition of the state.


LLCBuddy editorial team did hours of research, collected all important statistics on District Of Columbia Debt, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start a District Of Columbia LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will District Of Columbia Debt Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top District Of Columbia Debt Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 13 District Of Columbia Debt Statistics on this page 🙂

District Of Columbia Debt “Latest” Statistics

  • According to First Republic, over a third (34%) of adults ages 18 to 29 report carrying some level of student loan debt, making them the largest group of borrowers in the United States.[1]
  • Grad school loans make up around 50% of all outstanding student loan debt and 25% of all borrowers.[1]
  • The majority of complaints are related to debt collection and mortgages. Debt collection and mortgage-related complaints account for 50% of the roughly 1.2 million complaints the bureau has received, according to CFPB.[2]
  • According to research from the Brookings Institution, a third of all outstanding student loan debt is held by the 6% of borrowers with debts of more than $100,000, including the 2% with debts of more than $200,000.[1]
  • District of Columbia residents have the nation’s highest average federal student loan debt at $54,945 per borrower.[3]
  • According to educationdata.org, D.C. has the highest number of indebted student borrowers per capita, with 17.2% of residents in debt.[3]
  • Interest payments on public elementary and secondary school debt per pupil were 1% lower in 2018–19 ($420) than in 2009–10 ($424).[4]
  • The percentage of those having student debt jumps to 49% among those with a bachelor’s degree or above.[1]

District Of Columbia Debt “Other” Statistics

  • According to a White House press release that accompanied the announcement of the 2022 student loan debt relief initiative, the average undergraduate borrower leaves school with roughly $25,000 in student debt.[1]
  • According to FTC, District of Columbia has a debt collection of 30%.[5]
  • 75% of borrowers who took out loans for two or four year degrees are responsible for the remaining half.[1]
  • The US net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.71 trillion at the end of the third quarter of 2022, according to statistics released today by the US Bureau of Economic Analysis (BEA).[6]
  • According to recent statistics, nearly 10% more college seniors in the 2015–2016 school year than in the 1999–2000 school year borrowed money for their education.[1]

Also Read

How Useful is District of Columbia Debt

It is important to acknowledge that debt, when used responsibly, can be a useful financial tool for governments. The District of Columbia, like many other municipalities, issues debt in the form of bonds to fund capital projects, such as building schools, roads, and other infrastructure. By borrowing money through bonds, the District can spread the cost of these projects over time, rather than trying to fund them all at once. This can make important investments in the community possible without placing too heavy a burden on current taxpayers.

Additionally, debt can also be beneficial during times of economic downturn. When the economy is struggling, governments often need to increase spending to stimulate economic growth and support struggling citizens. Debt can provide the necessary funds to do this, as long as it is managed correctly. In this way, debt can act as a safety net for the government, allowing it to continue providing important services during tough times.

However, it is also important to recognize the risks associated with high levels of debt. When debt levels become too high, governments can struggle to make payments on their debts, leading to financial instability and potential default. This can have serious consequences for a government’s credit rating, making it harder and more expensive to borrow money in the future. Additionally, high levels of debt can also limit a government’s flexibility in responding to new challenges or opportunities, as more and more funds must be dedicated to debt service rather than new investments or programs.

In the case of the District of Columbia, it is crucial for policymakers to carefully consider the trade-offs associated with taking on more debt. While debt can be a useful tool for funding important projects and stabilizing the economy, it is important to ensure that debt levels remain sustainable and manageable. This requires responsible financial management, including careful budgeting, monitoring, and accountability measures. It also requires a commitment to long-term planning and prioritizing investments that will benefit the community in the long run.

In conclusion, the District of Columbia’s debt can be a useful tool for funding important projects and responding to economic challenges. However, it is crucial for policymakers to approach debt with caution and foresight, ensuring that debt levels remain sustainable and that resources are used effectively. By striking a balance between the benefits and risks of debt, the District can continue to invest in the future while protecting the financial health of the community.


  1. firstrepublic – https://www.firstrepublic.com/personal-line-of-credit/student-loan-debt-averages-2021
  2. consumerfinance – https://www.consumerfinance.gov/about-us/newsroom/cfpb-releases-state-level-snapshot-consumer-complaints/
  3. educationdata – https://educationdata.org/student-loan-debt-by-state
  4. ed – https://nces.ed.gov/fastfacts/display.asp?id=66
  5. ftc – https://www.ftc.gov/policy/reports/policy-reports/commission-staff-reports/consumer-sentinel-network-data-book-2017/district-columbia
  6. bea – https://www.bea.gov/

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