Americans owed an astounding $1.58 trillion in student loan debt at the end of 2021. Stacker looks at the situation state-by-state.
Vermont has the highest number of student loan borrowers who are 50 or older, according to a 2019 WalletHub study. Student loan debt there averaged $34,595 per borrower by the end of 2021—about $5000 more than the national average.- Average loan balance per borrower: $34,608
In 2022, Louisiana reported that more than half of its high school graduates were eligible for state scholarships for college. The state's FY23 budget also includes a 12% increase in funding for higher education.- Average loan balance per borrower: $34,846
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