President Biden has proposed the cancellation of federal student debt across the country.
Students from every state accumulate debt. As indicated by the Data-Z chart below, on average students in Utah graduate from their undergraduate studies with student debt of $18,344, which is the least amount of all of the states. The four other states with the least amount of average student debt are New Mexico with $20,868, California with $21,125, Nevada with $21,257 and Wyoming with $23,510.
As indicated in the chart below, on average undergraduate students from New Hampshire graduate with $39,928 in student debt, $21,584 more than Utah graduates. The other states with the highest student debt average are Delaware with $39,705, Pennsylvania with $39,375, Rhode Island with $36,791 and Connecticut with $35,853.
I ask the reader why the student debt *average would be so different between states.
Are students in some states adverse to accumulating debt?
Do some states finance college tuition more than other states?
Are colleges and universities more expensive in states with higher student debt averages?
With the 50-state student debt average of $29,096, why do Delaware and New Hampshire students, on average, graduate with more than $10,000 of student debt than the average student throughout the country?
Review the chart below to determine how much student debt undergraduates
in your state are accumulating on average.
*These amounts represent the estimated averages of the total debt incurred by graduates of undergraduate colleges and universities at graduation as reported by The Institute for College Access & Success (TICAS) as of 2020.