The following data is from the Student Loan Report produced by 24/7 Wall St.
This news release provides a summary explanation of that report, highlighting the key findings and aspects of the methodology:
“Total student debt in the United States, at approximately $1.26 trillion, is the second largest consumer debt in the country after mortgages. The average debt of all U.S. college undergraduates, including those who did not take any student loans, is around $16,929 per student, according to new data from student loan news website the Student Loan Report.
“Students graduating in Utah have the least debt, at an average of $7,527 per student. College students in New Hampshire lead the nation with average per-student debt at graduation of $25,740.
“Because average debt per student includes graduates who did not borrow, the actual debt burden of students who did take out loans is even higher. In Utah, the average…
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