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.
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Are students in some states adverse to accumulating debt?
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Do some states finance college tuition more than other states?
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Are colleges and universities more expensive in states with higher student debt averages?
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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.
https://www.data-z.org/glossary/detail/student-debt-average-by-state-ticas
