5 States with the Highest Student Loan Debt

3. Florida

Total Borrowers: 2,720,440

Student Loan Balance: $106.00 billion

Florida residents hold a significant amount of federal student loan debt, totaling $106 billion. This translates to an average of $37,460 per borrower across 2.72 million borrowers in the state. The state is at the third position on our list of states with the highest student loan debt.