{"id":1505491,"date":"2024-12-02T09:15:00","date_gmt":"2024-12-02T14:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1505491"},"modified":"2024-12-02T09:15:00","modified_gmt":"2024-12-02T14:15:00","slug":"mapping-the-average-student-loan-debt-load-by-state","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/mapping-the-average-student-loan-debt-load-by-state\/1505491\/","title":{"rendered":"Mapping The Average Student Loan Debt-Load By State"},"content":{"rendered":"

Mapping The Average Student Loan Debt-Load By State<\/span><\/p>\n

\n

Total federal student loan debt in the U.S. stands at approximately\u00a0$1.73 trillion<\/a>, with 43 million borrowers as of 2023, and has experienced significant growth over the past 15 years, increasing by about 232.7% since 2009.<\/p>\n

The average federal student loan debt across the 50 U.S. states, Puerto Rico, and the District of Columbia amounts to $29.9 billion per state in 2024, according to the\u00a0Education Data Initiative<\/a>.<\/p>\n

This visualization, via Visual Capitalist’s Kayla Zhu, <\/a>shows the average student loan debt per borrower, by state. Only federal student loan debt is included.<\/p>\n

<\/a><\/p>\n

Data comes from the U.S. Department of Education and U.S. Census Bureau via the\u00a0Education Data Initiative<\/a>, and is updated as of October 2024.<\/em><\/p>\n

Which State Has the Highest Student Loan Debt?<\/h2>\n

Below, we show the average federal student loan debt by state as of October 2024.<\/p>\n

State
\n\t\t\tAverage Federal Student Loan Debt
\n\t\tDistrict of Columbia
\n\t\t\t$54,795
\n\t\tMaryland
\n\t\t\t$43,692
\n\t\tGeorgia
\n\t\t\t$42,026
\n\t\tVirginia
\n\t\t\t$40,137
\n\t\tFlorida
\n\t\t\t$39,262
\n\t\tIllinois
\n\t\t\t$39,055
\n\t\tSouth Carolina
\n\t\t\t$38,770
\n\t\tNorth Carolina
\n\t\t\t$38,695
\n\t\tNew York
\n\t\t\t$38,690
\n\t\tDelaware
\n\t\t\t$38,683
\n\t\tVermont
\n\t\t\t$38,404
\n\t\tOregon
\n\t\t\t$38,168
\n\t\tHawaii
\n\t\t\t$38,158
\n\t\tCalifornia
\n\t\t\t$37,829
\n\t\tAlabama
\n\t\t\t$37,709
\n\t\tColorado
\n\t\t\t$37,392
\n\t\tMississippi
\n\t\t\t$37,254
\n\t\tNew Jersey
\n\t\t\t$37,201
\n\t\tMichigan
\n\t\t\t$36,974
\n\t\tTennessee
\n\t\t\t$36,886
\n\t\tWashington
\n\t\t\t$36,762
\n\t\tConnecticut
\n\t\t\t$36,672
\n\t\tPennsylvania
\n\t\t\t$36,267
\n\t\tAlaska
\n\t\t\t$35,821
\n\t\tArizona
\n\t\t\t$35,675
\n\t\tMissouri
\n\t\t\t$35,675
\n\t\tMassachusetts
\n\t\t\t$35,529
\n\t\tOhio
\n\t\t\t$35,033
\n\t\tNew Hampshire
\n\t\t\t$34,884
\n\t\tLouisiana
\n\t\t\t$34,866
\n\t\tNevada
\n\t\t\t$34,589
\n\t\tMaine
\n\t\t\t$34,292
\n\t\tNew Mexico
\n\t\t\t$34,280
\n\t\tMinnesota
\n\t\t\t$34,071
\n\t\tMontana
\n\t\t\t$33,945
\n\t\tArkansas
\n\t\t\t$33,858
\n\t\tUtah
\n\t\t\t$33,746
\n\t\tTexas
\n\t\t\t$33,581
\n\t\tKentucky
\n\t\t\t$33,470
\n\t\tIdaho
\n\t\t\t$33,281
\n\t\tRhode Island
\n\t\t\t$33,270
\n\t\tIndiana
\n\t\t\t$33,243
\n\t\tKansas
\n\t\t\t$33,119
\n\t\tWisconsin
\n\t\t\t$32,628
\n\t\tNebraska
\n\t\t\t$32,377
\n\t\tWest Virginia
\n\t\t\t$32,358
\n\t\tOklahoma
\n\t\t\t$32,103
\n\t\tWyoming
\n\t\t\t$31,503
\n\t\tPuerto Rico
\n\t\t\t$31,022
\n\t\tSouth Dakota
\n\t\t\t$30,928
\n\t\tIowa
\n\t\t\t$30,925
\n\t\tNorth Dakota
\n\t\t\t$29,647
\n\t\tOther\/Unspecified*
\n\t\t\t$25,279<\/p>\n

Washington, D.C. leads the U.S. in average federal student loan debt at $54,795 per borrower and has the highest share of borrowers, with 17.2% of residents in debt.<\/p>\n

Many borrowers in D.C. are\u00a0recent graduates<\/a>, including a significant number with\u00a0master\u2019s degrees<\/a>, compounding the strain of the city\u2019s\u00a0steep cost of living<\/a>.<\/p>\n

Second-ranked Maryland, which borders D.C., is also one of the most educated states in the country. Around\u00a043%<\/a>\u00a0of Maryland residents have earned at least a bachelor\u2019s degree, significantly higher than the national average of 35%.<\/p>\n

North Dakota has the nation\u2019s lowest average student loan debt, and it\u2019s the only state with average debt under $30,000, at $29,647. Only about 11.2% of state residents have student loan debt.<\/p>\n

To learn more about labor statistics by state, check out this\u00a0graphic<\/a>\u00a0which shows the union membership rates by state.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 12\/02\/2024 – 04:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/mapping-average-student-loan-debt-load-state<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Mapping The Average Student Loan Debt-Load By State Total federal student loan debt in the U.S. stands at approximately\u00a0$1.73 trillion, with 43 million borrowers as…<\/p>\n","protected":false},"author":0,"featured_media":1505492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1505491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1505491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1505491"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1505491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1505492"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1505491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1505491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1505491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}