According to LendEDU’s Student Loan Debt by School by State Report for 2017, the state of Pennsylvania has the highest average student loan debt per borrower figure in the entire country.
In the Keystone State, the average student loan borrower owes $35,185 in educational debt, which represents a 1.87 percent year-over-year increase. Additionally, 69 percent of all graduates from the state of Pennsylvania have student loan debt.
With an average student loan debt per borrower figure of $35,143, the state of New Hampshire takes the number two spot on LendEDU’s list. New Hampshire’s debt per borrower figure has increased by .96 percent year-over-year, and 75 percent of all graduates receive their diploma with educational debt.
The state of Delaware saddles the average student debtor with $33,650 in educational debt, the third highest figure in the U.S. In Delaware, 63 percent of all graduates have student loan debt. Delaware State University gives the average student borrower the most student loan debt in the state, $36,812.
Hampering the typical student loan borrower with $32,326 in educational debt, the state of Connecticut has secured the fourth spot on LendEDU’s list. Connecticut’s average debt per borrower figure has actually decreased by 12.31 percent year-over-year.
Rounding out LendEDU’s top five is South Dakota, where the average college student can expect to owe $31,518 in educational debt. In South Dakota, three-quarters of all college graduates leave campus with some amount of student loan debt.
Students that attend a higher education institution in the state of Minnesota can expect to owe $31,342 in educational debt. That figure is the sixth highest in the entire U.S. and represents a yearly decrease of .30 percent.
Coming in at number seven on LendEDU’s list of the U.S. states with the highest average student per borrower is Alabama. Just a little over half, 51 percent, of all Alabama graduates receive their diploma with student loan debt. Alabama’s average debt per borrower figure is $31,257.
Montana gives the average student loan borrower $30,994 in educational debt, which is the eighth highest average in the country. Montana’s average student debt per borrower figure represents a year-over-year increase of 15.70 percent.
Taking the number nine spot on LendEDU’s list is the Commonwealth of Massachusetts, where the average student debtor can expect to owe $30,584 in educational debt. Massachusetts’ average debt per borrower figure represents a year-over-year decrease of 2.63 percent.
Despite being the smallest state in the Union, Rhode Island gives the average student loan borrower $30,549 in educational debt, the 10th highest average in the U.S. 61 percent of all graduates from the state of Rhode Island have some amount of student loan debt. Further, Roger Williams University gives student debtors the most debt in the state, $41,632.
Author: Mike Brown
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