Beacon College

Highest Debt College Grad States

May 31st, 2016 | By | Category: College Debt, College finance, Financial aid, Scholarships, Student Debt, Student Loans, Student money

American School and University             http://asumag.com/

In its report, “Student Debt and the Class of 2014,” the Institute for College Access & Success say that 69 percent of college students who graduated from public and private nonprofit colleges in 2014 had student loan debt and owed an average of $28,950. That is 2 percent more than the 2013 average of $28,400.

The amount of debt for the Class of 2014 ranges from a high of $33,808 per student in Delaware to a low of $18,921 per student in Utah.

The Institute compiles the debt numbers as part of its effort to reduce the burden of student debt and improve college access and outcomes.

Here are the 10 states where the average student had the largest loan debt.

 

RANK STATE AVERAGE STUDENT DEBT
1 Delaware $33,808
2 New Hampshire $33,410
3 Pennsylvania $33,264
4 Rhode Island $31,841
5 Minnesota $31,579
6 Maine $30,908
7 Connecticut $29,750
8 Iowa $29,732
9 Michigan $29,450
10 Alabama $29,425

 

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