KEY TAKEAWAYS There are about 3.1 million federal student loan borrowers ages 62 or older, and the average borrower in this age group holds about $44,161 in student loan debt. This age group, many of whom are entering or already in retirement, can face difficulties paying off their student debt with their fixed, and often lower, income. As of September 2025, about 3.1 million federal student loan borrowers were 62 years or older, according to the latest data available from the Federal Student Aid ...