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District of Columbia
54,945
Maryland
42,861
Georgia
41,639
Virginia
39,165
Florida
38,459
South Carolina
38,414
Illinois
37,757
North Carolina
37,721
New York
37,678
Delaware
37,559
Vermont
37,516
Alabama
37,137
California
37,084
Oregon
37,017
Mississippi
36,902
Colorado
36,822
Hawaii
36,765
Tennessee
36,418
Michigan
36,116
Washington
35,510
New Jersey
35,434
Missouri
35,397
Arizona
35,396
Pennsylvania
35,385
Connecticut
35,162
Ohio
34,721
Louisiana
34,525
New Mexico
34,211
Massachusetts
34,146
New Hampshire
34,085
Alaska
34,024
Nevada
33,743
Minnesota
33,604
Arkansas
33,333
Montana
33,149
Maine
33,137
Idaho
33,012
Texas
32,920
Indiana
32,874
Utah
32,835
Kentucky
32,779
Kansas
32,578
Rhode Island
32,056
Nebraska
31,919
Wisconsin
31,894
West Virginia
31,690
Oklahoma
31,525
Wyoming
31,250
South Dakota
30,954
Iowa
30,464
North Dakota
28,604

Student Loan Debt by State 2024

Student Loan Debt by State 2024

Why Has Student Loan Debt Gotten So High?

There are a lot of people who are wondering why student loan debt has become so high. Decades ago, it was not necessarily a problem for someone to afford to go to college, as long as they decided not to go to a private college. Some people could even work their way through school. Now, it appears that students are graduating with tens of thousands of dollars in debt. Those who decide to go to graduate school could be facing hundreds of thousands of dollars in debt. The biggest reason why debt has become such a big issue is that the cost of education has gotten inordinately expensive. There are some states that have more student loan debt than others.

Which State Has the Highest Student Loan Debt?

The location with the highest average student loan debt is Washington D.C. Even though it is not a state, it is the location where people have the highest average student loan debt. On average, someone living in Washington D.C. has approximately $55,000 (if they have student loan debt). There are a number of reasons why Washington DC has a higher average student loan debt, but much of it has to do with the lack of a state institution. State schools tend to be more affordable, but the vast majority of educational institutions in Washington DC are private.

Which State Has the Lowest Student Loan Debt?

The state that has the lowest average student loan debt is North Dakota where the average amount of federal student loan debt is about $28,600. It is also the only location where the average amount of student loan debt is under $30,000. While this might be a good thing for people living in North Dakota, it also means that many students have tens of thousands of dollars in student loan debt. Furthermore, North Dakota might not necessarily have the same job market as some of the other areas in the country, so it might be harder for someone living in North Dakota to pay off their student loans.

Which Age Group Has the Most Student Loan Debt To Pay Back?

The age group that has the most student loan debt includes young adults between the ages of 25 and 34. There are a number of reasons why this is the case, but people in this age group have had to deal with incredibly expensive college tuition bills and have had time for interest to accumulate on their loans. There is a chance that people coming up behind this age group might owe even more money. To prevent this issue from becoming an albatross around the necks of other young adults, it is important to take a look at what can be done to reduce the cost of college education. That way, everyone will have access to affordable education, not just the people who have hundreds of thousands of dollars to spare per child.

Student Loan Debt by State 2024

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State
Student Loan Average Borrower Debt
Student Loan State Total Debt (billions)
District of Columbia54,9456.50
Maryland42,86135.90
Georgia41,63968.60
Virginia39,16542.40
Florida38,459100.90
South Carolina38,41428.10
Illinois37,75761.60
North Carolina37,72149.20
New York37,67892.70
Delaware37,5594.80
Vermont37,5162.90
Alabama37,13723.50
California37,084141.80
Oregon37,01720.10
Mississippi36,90216.20
Colorado36,82228.50
Hawaii36,7654.50
Tennessee36,41831.40
Michigan36,11651
Washington35,51028
New Jersey35,43442.50
Missouri35,39729.30
Arizona35,39631.40
Pennsylvania35,38564.50
Connecticut35,16217.50
Ohio34,72162.30
Louisiana34,52522.50
New Mexico34,2117.80
Massachusetts34,14630.80
New Hampshire34,0856.50
Alaska34,0242.30
Nevada33,74311.80
Minnesota33,60426.50
Arkansas33,33313
Montana33,1494.20
Maine33,1376.20
Idaho33,0127.20
Texas32,920120
Indiana32,87429.80
Utah32,83510.10
Kentucky32,77919.70
Kansas32,57812.50
Rhode Island32,0564.60
Nebraska31,9197.90
Wisconsin31,89423.20
West Virginia31,6907.20
Oklahoma31,52515.40
Wyoming31,2501.70
South Dakota30,9543.60
Iowa30,46413.20
North Dakota28,6042.50
showing: 51 rows

Student Loan Debt by State 2024

Sources