BiggerPockets Money Podcast · Wednesday, October 28, 2026
Scott Trench and Evan Lawler examine data showing that the median Gen Z college graduate leaves school with less debt than millennials did a decade prior. The percentage of graduates carrying debt dropped from 61% in 2014 down to 47% for recent cohorts.
“The inflation adjusted average among borrowers fell for 2023 and 2024 graduates. That's my year. While the share graduating with debt fell from 61% to 47%.”
“The median Gen Z has no debt, no college debt. The average debt among borrowers dropped from $35,600 to $29,560. That's a 17% drop among the people who did take on debt.”