Average Student Loan Debt Statistics by School by State 2019 — from lendedu.com
Excerpt:
For the fourth consecutive year, LendEDU is pleased to once again publish our annual Student Loan Debt by School by State Report, an in-depth analysis of student loan debt figures at nearly 1,000 four-year private and public higher education institutions across the United States.
While the figures change each year, the narrative certainly does not; student loan debt continues to be a growing issue in the U.S. and at nearly all schools in the country as the cost of college continues to rise.
Nationally, outstanding student loan debt sits at $1.52 trillion, making it the second largest form of consumer debt trailing only mortgages.
On an individual scale, the average borrower from the Class of 2018 received their diploma and left campus with $28,565 in student loan debt, up from $28,288 that was owed by the average Class of 2017 borrower.
Because of these eye-popping numbers that have now elevated the issue of student loan debt to the national scale as evident by the recent 2020 Democratic debates, LendEDU places tremendous value on the annual Student Loan Debt by School by State Report.