Map Shows States With Most Severe Student Loan Debt
Summary
More than 1.15 million Americans owe over $200,000 each in federal student loans. California, Florida, Texas, and New York have the highest numbers of these large debts, making up about one-third of the people with the largest student loan balances.Key Facts
- Over 1.15 million people in the U.S. owe more than $200,000 in federal student loans.
- California has the most borrowers with debt over $200,000, at 142,100 people owing $45.2 billion total.
- Florida, Texas, and New York also have large numbers of high-debt borrowers, with roughly 390,000 people combined owing over $200,000 each.
- The total federal student loan debt in the U.S. is about $1.65 trillion.
- Around 9.5 million borrowers are in default after pandemic payment pauses ended.
- Borrowers with $100,000 to $200,000 debt number in the millions, with California again having the highest count.
- Smaller states like Wyoming, North Dakota, and Alaska have far fewer people with large student loan debts.
- The average debt among people owing more than $200,000 is between $285,000 and $315,000, roughly the same across states.
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