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Source: U.S. Department of Education Student loan debt by state. The three states with the lowest outstanding student debt per borrower are: North Dakota $29,312. Alaska $35,346
Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3] Student loan debt has proliferated since 2006, totaling $1.73 trillion by July 2021. In 2019, students who borrowed to complete a bachelor's degree had ...
The average student loan debt at graduation is now nearly $38,000, according to the Education Data Initiative. While college graduates earn more than those without degrees on average, the starting ...
Wyoming. Average student loan debt: $29,809 Change from U.S. average: -31.6% Borrower delinquency rate: 6.6% Learn More: This Is the One Type of Debt That ‘Terrifies’ Dave Ramsey Discover More ...
Student loans totaled more than $1.3 trillion, averaging $25,000 each for 40 million debtors. The debtors average age was 33. Forty percent of the debt was owed by people 40 or older. [37] In a 2017 report by the National Center for Education Statistics, the researchers found that 27% of all student loans resulted in default within 12 years. [33]
As of March 2023, the average federal student loan debt in the United States was about $37,720, according to a BestColleges analysis of Education Department data.
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