Highest Debt for Higher Education

The cost of higher education is a lesson many college students are learning the hard way. Driven to attain a bachelor’s or advanced degrees, young Americans and older workers returning for greater competitiveness are graduating with increasingly high debt.

Based on research in The Institute for College Access & Success paper, “Student Debt and The Class of 2012,” RealtyTrac recently reported that the huge debt saddling college graduates is higher in certain U.S. states. Some small states like Delaware, New Hampshire and Rhode Island show average debt for graduating college seniors as high as $33,000. Pennsylvania, one of the more populated states, has an average over $31,000.

Below is a list of the ten states with the highest average debt for graduating seniors. For the complete report, or any questions on this or our many other datasets, please contact our PR Department directly at pr@realtytrac.com.

Rank       State   Average Debt
1 Delaware $33,649
2 New Hampshire  $32,698
3 Pennsylvania $31,675
4 Minnesota  $31,497
5 Rhode Island $31,156
6 Iowa   $29,456
7 Maine $29,352
8 New Jersey $29,287
9 Ohio $29,037
10 Michigan $28,840

 

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