States where people have the most student loan debt

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In 2019, student loan debt in the United States hit $1.6 trillion, the highest it’s ever been, according to data compiled by the Federal Reserve Bank of St. Louis. But that debt doesn’t affect all borrowers equally. While 34% of adults ages 18 to 29 have student loan debt, according to figures from Pew Research, 22% of 30- to 44-year-olds and 4% of those age 45 and older also have student loan debt. 

Getting and maintaining control over your student loans includes fully understanding your repayment options. One crucial factor affecting your loan and your repayment options are whether they are federal or private. 

“If your loans are federal, look into all repayment options,” said Michael Bovee, a debt relief expert and the co-founder of Resolve. “Paying so little that your loans are actually increasing from unpaid interest is not great. But it is better than default, fees and tax refund intercepts.”

If your loans are private, however, “you may be able to settle them for less than what you owe. It’s going to impact your credit report and score in a serious way, but if you’re already behind, that ship has sailed and you’ll improve your options going forward by settling,” Bovee said.

Related articles:
Here’s what you need to know about repayment options for private student loans
Federal student loan repayment options explained

If you’re wondering how your student loan debt compares to that of other people, the average student loan debt per borrower in the United States now stands at $35,359, according to data compiled by Experian. Here’s a further breakdown of Experian’s student loan debt data by state:

Image Credit: DepositPhotos.com.

States with the most & least student loan debt

States where people have the most student loan debt

The average share of student loan debt changes from state to state. Some states carry a smaller amount of the burden:

  • South Dakota has the least student loan debt with $28,782 in 2019.
  • Wyoming follows with $28,974.
  • However, Idaho had the smallest increase in student loan debt from 2018 to 2019 at 4.0%.

Meanwhile, other states have far more debt on average:

  • The District of Columbia has far more average debt than other states with $55,729 in 2019.
  • Georgia follows with $40,692.
  • The largest percentage jump from 2018 to 2019 occurred in Mississippi at 9.4%.

Image Credit: jacoblund / iStock.

51. South Dakota

States where people have the most student loan debt

2018: $27,082
2019: $28,782

Change: +6.3%

Image Credit: RiverNorthPhotography.

50. Wyoming

States where people have the most student loan debt

2018: $27,780
2019: $28,974
Change: +4.3%

Image Credit: AnujSahaiPhotography.

49. North Dakota

States where people have the most student loan debt

2018: $27,779
2019: $29,267

Change: +5.4%

Image Credit: DepositPhotos.com.

48. Iowa

States where people have the most student loan debt

2018: $27,886
2019: $29,416
Change: +5.5%

Image Credit: DepositPhotos.com.

47. Nebraska

States where people have the most student loan debt

2018: $28,183
2019: $30,013
Change: +6.5%

Image Credit: DepositPhotos.com.

46. Wisconsin

States where people have the most student loan debt

2018: $28,955
2019: $30,556
Change: +5.5%

Image Credit: iStock.

45. Montana

States where people have the most student loan debt

2018: $29,250
2019: $31,030
Change: +6.1%

Image Credit: David Butler.

44. West Virginia

States where people have the most student loan debt

2018: $29,931
2019: $31,222
Change: +4.3%

Image Credit: DepositPhotos.com.

43. Kansas

States where people have the most student loan debt

2018: $29,409
2019: $31,239

Change: +6.2%

Image Credit: Michael Pham.

42. Utah

States where people have the most student loan debt

2018: $30,244
2019: $31,671
Change: +4.7%

Image Credit: DepositPhotos.com.

41. Oklahoma

States where people have the most student loan debt

2018: $29,884
2019: $31,673

Change: +6.0%

Image Credit: DepositPhotos.com.

40. Indiana

States where people have the most student loan debt

2018: $30,218
2019: $31,992
Change: +5.9%

Image Credit: DepositPhotos.com.

39.Minnesota

States where people have the most student loan debt

2018: $30,395
2019: $32,052
Change: +5.5%

Image Credit: Scruggelgreen.

38. Alaska

States where people have the most student loan debt

2018: $30,084
2019: $32,096
Change: +6.7%

Image Credit: DepositPhotos.com.

37. Kentucky

States where people have the most student loan debt

2018: $30,134
2019: $32,174
Change: +6.8%

Image Credit: Thomas Kelley.

36. Arkansas

States where people have the most student loan debt

2018: $30,345
2019: $32,203
Change: +6.1%

Image Credit: wellesenterprises / iStock.

35. Idaho

States where people have the most student loan debt

2018: $31,121
2019: $32,351
Change: +4.0%

Image Credit: Courtesy of lcsc.edu.

34. Texas

States where people have the most student loan debt

2018: $30,677
2019: $32,441
Change: +5.8%

Image Credit: DepositPhotos.com.

33. Maine

States where people have the most student loan debt

2018: $30,864
2019: $32,521
Change: +5.4%

Image Credit: DepositPhotos.com.

32. Rhode Island

States where people have the most student loan debt

2018: $31,739
2019: $33,373
Change: +5.1%

Image Credit: DepositPhotos.com.

31.Missouri

States where people have the most student loan debt

2018: $31,752
2019: $33,607
Change: +5.8%

Image Credit: DepositPhotos.com.

30. New Mexico

States where people have the most student loan debt

2018: $30,884
2019: $33,610
Change: +8.8%

Image Credit: Davel5957.

29. Nevada

States where people have the most student loan debt

2018: $31,629
2019: $33,863
Change: +7.1%

Image Credit: Pixabay.com.

28. New Hampshire

States where people have the most student loan debt

2018: $31,931
2019: $34,072
Change: +6.7%

Image Credit: DepositPhotos.com.

27. Washington

States where people have the most student loan debt

2018: $31,978
2019: $34,193
Change: +6.9%

Image Credit: DepositPhotos.com.

26. Vermont

States where people have the most student loan debt

2018: $32,083
2019: $34,221
Change: +6.7%

Image Credit: DepositPhotos.com.

25. Ohio

States where people have the most student loan debt

2018: $32,575
2019: $34,365
Change: +5.5%

Image Credit: Pixabay.com.

24. Louisiana

States where people have the most student loan debt

2018: $32,516
2019: $34,508
Change: +6.1%

Image Credit: DepositPhotos.com.

23. Arizona

States where people have the most student loan debt

2018: $32,705
2019: $34,740
Change: +6.2%

Image Credit: DepositPhotos.com.

22. Pennsylvania

States where people have the most student loan debt

2018: $32,698
2019: $34,840
Change: +6.6%

Image Credit: AppalachianViews.

21. Hawaii

States where people have the most student loan debt

2018: $33,084
2019: $35,009
Change: +5.8%

Image Credit: DepositPhotos.com.

20. Tennessee

States where people have the most student loan debt

2018: $32,788
2019: $35,016
Change: +6.8%

Image Credit: NathanMerrill.

19. Michigan

States where people have the most student loan debt

2018: $33,243
2019: $35,307
Change: +6.2%

Image Credit: csterken.

18. Mississippi

States where people have the most student loan debt

2018: $32,431
2019: $35,478
Change: +9.4%

Image Credit: iStock.

17. Colorado

States where people have the most student loan debt

2018: $33,521
2019: $35,658
Change: +6.4%

Image Credit: Pixabay.com.

16. Alabama

States where people have the most student loan debt

2018: $33,742
2019: $35,674
Change: +5.7%

Image Credit: Sean Pavone.

15. Connecticut

States where people have the most student loan debt

2018: $34,203
2019: $36,025
Change: +5.3%

Image Credit: traveler1116.

14. Delaware

States where people have the most student loan debt

2018: $34,000
2019: $36,098
Change: +6.2%

Image Credit: strickke.

13. Massachusetts

States where people have the most student loan debt

2018: $34,671
2019: $36,181
Change: +4.4%

Image Credit: Rolf_52.

12. North Carolina

States where people have the most student loan debt

2018: $33,959
2019: $36,357
Change: +6.8%

Image Credit: Littlewashingtonnc.com.

11. South Carolina

States where people have the most student loan debt

2018: $34,515
2019: $36,552
Change: +5.9%

Image Credit: SeanPavonePhoto.

10. Florida

States where people have the most student loan debt

2018: $33,833
2019: $36,706
Change: +8.5%

Image Credit: DepositPhotos.com.

9. Virginia

States where people have the most student loan debt

2018: $34,930
2019: $36,885
Change: +5.6%

Image Credit: tmersh.

8. Illinois

States where people have the most student loan debt

2018: $34,821
2019: $36,975
Change: +6.2%

Image Credit: ibsky.

7. Oregon

States where people have the most student loan debt

2018: $35,047
2019: $36,989
Change: +5.5%

Image Credit: DepositPhotos.com.

6. New Jersey

States where people have the most student loan debt

2018: $35,104
2019: $37,370
Change: +6.5%

Image Credit: DepositPhotos.com.

5. California

States where people have the most student loan debt

2018: $35,238
2019: $37,468
Change: +6.3%

Image Credit: DepositPhotos.com.

4. New York

States where people have the most student loan debt

2018: $36,032
2019: $37,753
Change: +4.8%

Image Credit: Frederic Prochasson.

3. Maryland

States where people have the most student loan debt

2018: $38,496
2019: $40,630
Change: +5.5%

Image Credit: James_Lane.

2. Georgia

States where people have the most student loan debt

2018: $37,644
2019: $40,692
Change: +8.1%

Image Credit: SeanPavonePhoto.

1. District of Columbia

States where people have the most student loan debt

2018: $52,648
2019: $55,729
Change: +5.8%

This article originally appeared on Resolve and was syndicated by MediaFeed.org.

Image Credit: Sean Pavone/shutterstock.

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