Because loans are the primary means of paying for education in the U.S., the Project on Student Debt has set out to increase public understanding of student loans.
While the average student debt load in America is $24,000, in some states this amount in much higher. Below is the list of the ten states with the highest student debt. These figures were calculated from voluntarily reported data, submitted from nearly 1,000 public and private non-profit colleges. For-profit and two-year schools are not factored into the data. The highest average student dept is based on data from 2009 graduates.
1. Washington, D.C.
Average debt: $30,033
School with the highest average student debt: Corcoran College of Art and Design
2. New Hampshire
Average debt: $29,443
School with the highest average student debt: Saint Anselm College
3. Maine
Average debt: $29,143
School with the highest average student debt: Maine Maritime Academy
4. Iowa
Average debt: $28,883
School with the highest average student debt: University of Dubuque
5. Vermont
Average debt: $27,786
School with the highest average student debt: Green Mountain College
6. Minnesota
Average debt: $27,467
School with the highest average student debt: Minneapolis College of Art and Design
7. Pennsylvania
Average debt: $27,066
School with the highest average student debt: La Roche College
8. Rhode Island
Average debt: $26,573
School with the highest average student debt: Bryant University
9. Alaska
Average debt: $26,344
School with the highest average student debt: Alaska Pacific University
10. Ohio
Average debt: $25,842
School with the highest average student debt: Ohio Northern University
Also Read:
Most Expensive College for the 2010-2011 School Year
Student Debt-Who’s to Blame?
5 Ways to Manage Your Student Debt
Posted on October 26th, 2010 by Margaret
Tags: New Hampshire, project on student debt, student debt, washington d.c.
Posted in Student loans | 6 Comments »
March 28th, 2012 at 4:11 pm
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October 26th, 2011 at 1:34 pm
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October 27th, 2010 at 1:08 pm
There is a way to reduce your student education debt load-serve in the US military then go to college or graduate school. Way better than being drafted.
October 27th, 2010 at 10:51 am
Glad I don’t go to school in the NE. Life seems much cheaper here in the South/Midwest. 🙂
October 27th, 2010 at 10:41 am
It’s about time we begin to abandon the “any dollar spent on higher education will repay itself in a high salary” fallacy. And the not-for-profit schools need to be taken to task as well, with adjunct/associate “faculty” getting away with inadequate teaching, preparation, and little accountability for adding genuine value. “Not for profit” doesn’t mean that many colleges don’t happily exploit the profit margin stemming from low-paid instructors while charging top dollar to students.
October 26th, 2010 at 4:22 pm
I’m glad to see Kansas isn’t on the list!