In Japan, while the use of student loans is increasing, the actual situation of repayment is not necessarily clear, despite frequent media coverage of difficulties in repayment. This paper explores the use of student loans, repayment realities after graduation, and evaluations of financial support systems using SSJDA Panel survey data. The analysis yielded the following insights: households with lower incomes tend to utilize student loans more, as confirmed by the SSJDA Panel survey. Repayment amounts typically amount to around 10% of annual income for many individuals, posing a manageable financial burden. However, about half of the individuals face repayment difficulties, with the impact increasing as repayment amounts rise. Furthermore, those who utilized student loans expressed a greater desire for improvements in the financial aid system.