The article may contain affiliate links from partners. The words, opinions, and reviews are our own. Learn how we make money to support our financial wellness mission.
Student loan debt burden is the portion of a student’s monthly income dedicated to their student loan payments. The Consumer Financial Protection Bureau (CFPB) has the following categories for student loan debt burden: Low: Monthly payment less than 8% of monthly income; Medium: Monthly payment between 8% and 14% of monthly income; High: Monthly payment greater than 14% of monthly income