How Much Student Loan Debt People Owe in Each State Exposes a Pattern We Should Have Seen Coming

"Student loan debt continues to be big problem in America. The national student debt now totals over $1.4 trillion, with the average per graduate in the US at $17,126. Student debt can create obstacles for people wanting to buy a house or start a family after graduation. But there are differences across states," Business Insider reports. 

"The Student Loan Report broke down the average debt per college graduate for the Class of 2016 by state, which you can see in the map below. College graduates in the Northeast tended to have more debt on average, while those in the Southwest had the least on average.

Graduates from New Hampshire came out with the most debt on average — at $27,167. Graduates from Utah, meanwhile, had the least — at $7,545.

The report looks specifically at the average student debt 'per graduate' — and not 'per borrower.' That means the number includes the amount of students who graduate debt-free, too."

NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 11/17/2017


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