2021's States with the Most and Least Student Debt - AZEdNews
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2021’s States with the Most and Least Student Debt


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  • Adam McCann   |   WalletHub

Screen Shot 2021 08 30 At 3.32.02 PM

Student debt is a huge problem in America. Save for mortgages, student loans make up the largest component of household debt for Americans. Our collective debt keeps growing, too. At the end of the second quarter of 2021, total outstanding college-loan balances stood at $1.59 trillion, according to the Department of Education. That comes out to an average of $37,000 for each of the 42.9 million borrowers.

But not all states are equal when it comes to the burden of student loans. With student-loan debtors in mind, WalletHub compared the 50 states and the District of Columbia based on 11 key measures of indebtedness and earning opportunities. Our data set ranges from average student debt to unemployment rate among the population aged 25 to 34 to share of students with past-due loan balances.

Tip: If you’re considering borrowing money for college or are in danger of defaulting, we advise using a Student Loan Calculator to determine an affordable monthly payment and payoff timeline.




Source: WalletHub

Student Debt by State

Overall Rank* StateTotal Score Student-Loan Indebtedness Grant & Student Work Opportunities 
1West Virginia70.7725
2New Hampshire68.45148
3Pennsylvania67.1746
4South Dakota66.03342
5Mississippi60.8489
6North Dakota57.70643
7Delaware57.37939
8Michigan57.00183
9Wisconsin56.191314
10Ohio56.16194
11Maine56.08751
12Iowa55.851040
13Kentucky55.751611
14Tennessee55.571713
15South Carolina55.281227
16Minnesota55.16550
17New Jersey55.031426
18Connecticut54.561533
19Kansas53.402030
20Rhode Island53.321146
21Indiana51.652319
22Georgia51.242412
23Illinois50.442136
24Alabama49.822510
25Missouri49.772241
26North Carolina46.792916
27Arkansas46.332823
28New York45.273017
29Vermont44.742647
30Virginia44.412744
31Montana43.363232
32Oklahoma43.283515
33Nebraska42.743135
34Texas42.22388
35Idaho42.203337
36Louisiana41.353720
37Massachusetts40.883445
38Maryland38.853649
39Arizona38.773929
40Oregon37.474022
41Nevada37.39452
42Hawaii37.25431
43Colorado34.714121
44Alaska34.104228
45Washington33.264425
46Florida32.114624
47New Mexico30.184818
48Wyoming30.174731
49California29.50497
50District of Columbia22.815038
51Utah16.105134

Note: *No 1 = Most Student Debt
With the exception of “Total Score,” all of the columns in the table above depict the relative rank of that state, where a rank of 1 represents the worst conditions for that metric category.

Source: WalletHub