What's The Average Student Loan Debt By State? This Map Breaks It Down.
Dec 04, 2020 1 min, 0 secs

With the election of Joe Biden as the country’s next president, however, there is some hope that existing federal student loan debt could be forgiven as soon as January ― at least in part.

Check out the map below to see how much student loan debt is owed around the country, and find out where students owe the most.

Not surprisingly, California is responsible for the largest sum of federal student debt with a total of about $137.8 billion owed by residents.

In second place is Texas, where a total of $110.6 billion in federal student debt is owed.

Rounding out the top three is Florida, where borrowers have a total of $93.4 billion in student loans to repay.

Wyoming is at the opposite end of that spectrum with less than $1.6 billion in collective student loan debt.

However, it’s important to note that the total student debt pool by state paints only part of the picture.

States such as California and Texas may be home to a large chunk of the nation’s student loan debt, but borrowers may not necessarily be worse off than those in other states.

The report also calculated the average student loan debt held per student in each state.

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