5 States with the Highest Student Loan Debt

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In this article, we will take a look at the 5 states with the highest student loan debt. If you want to read our discussion on the debt statistics and Biden’s student debt relief initiatives, you can go directly to the 20 States with the Highest Student Loan Debt.

5. Pennsylvania

Total Borrowers: 2,055,160

Student Loan Balance: $73.37 billion

Pennsylvania faces a significant student loan burden. The state ranks fifth in total student loan debt and has the 24th-highest average debt per borrower at $35,700. With over 2 million borrowers, or 14.06% of the population, Pennsylvania also has the fifth-most borrowers in the country. More than half, or 58.2%, of these borrowers are under 35, placing Pennsylvania among the top five states for this age group.

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