Map Reveals States With Worst Student Loan Debt
Summary
New data from the Federal Reserve Bank of New York shows which U.S. states have the highest average student loan debt, with Washington, D.C. having the largest balance at over $56,000 per borrower. The report highlights differences in debt levels across states and links higher debt to graduate degrees, rising tuition costs, and state financial aid policies.Key Facts
- Washington, D.C. has the highest average student loan debt at about $56,280 per borrower.
- States like Georgia, Maryland, Virginia, Florida, and New York also have high average debts, ranging from $36,000 to $41,000.
- About 36% of D.C. residents have graduate or professional degrees, which cost more and increase average debt.
- Graduate students represent 17% of college enrollment but take on half of all student loan debt.
- Georgia ranks third in average borrower debt despite average graduate degree rates due to its merit-based financial aid system, which gives less need-based aid.
- Over a quarter of borrowers in some states are behind on loan payments, affecting credit and finances.
- Tuition and fees increased by about 3% for the 2025-2026 school year, pushing more students to borrow.
- The U.S. Department of Education plans to cap federal loans for graduate programs soon.
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