"Among the Class of 2018, 69% of college students took out student loans. They graduate with an average debt of $29,800, including both private and federal debt. Meanwhile, 14% of their parents took out an average of $35,600 in federal Parent Plus Loans. The average payment for these student loans (not including deferment cases) is $393. Your Family Bank allows for repayment of these debts in as little as 9 years. "