These States Have the Highest Student Debt Per Borrower, New Study Shows

Published on November 22, 2023

According to an updated Degree Choices analysis of student loan debt per borrower by state, America’s youth are “drowning in debt, and student loans are a major culprit.” With an average of $43,116 per borrower, Maryland is the state with the highest level of student debt. With 851,200 borrowers, Maryland’s total student debt level sits at approximately $36.7 billion. Georgia, with an average debt of $41,775 per borrower spread across 1.69 million borrowers, placed second. Georgia’s total student debt stands at $70.6 billion. Virginia placed third. With an average debt of $39,599 spread across 1.1 million borrowers, the state’s total student debt is about $43.8 billion....

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