There are over 42.3 million student loan borrowers that have a total of $1.81 trillion in student loan debt. Here is the average student loan debt balance by state.
While the average balances across the United States hover in a range, Washington DC has the highest average student loan debt, while North Dakota has the lowest average student loan debt.
Here's a breakdown of the average student loan debt by state in 2025. Make sure you check out all of our student loan debt statistics.
Nationwide Student Loan Fast Facts
The descriptive statistics below reflect the state of student loan borrowers across the United States through the third quarter of 2025. However, the delinquency facts in the table below are likely skewed because of the repayment restart.
- Number of Borrowers: 42.3 million
- Median Debt Balance: $20,281
- Average Student Debt Balance: $39,375
- Number of Borrowers with delinquent or defaulted loans: 5.4 million
- Percentage of student loan borrowers who have paid off their debt: 49%
- Estimated number of borrowers eligible for loan forgiveness: 33%
Note, given the pandemic and all federal student loan payments being paused, the average student loan payment data is skewed. You can see the past average student loan payment and average student loan debt by graduating class here.
Although debt levels continue to rise, some student loan borrowers are seeing their debt loads fall. Nearly half (49%) of all borrowers who took out loans to pay for their education have paid the loans off in full.
Student Loans By State Fast Facts
While the nationwide debt statistics paint a concerning picture, the actual debt loads vary significantly from state to state within a range of about $30,000.
While it's expected to see that California has the most borrowers, it's interesting to see some of the other data.
- Most borrowers: California (3.9 million)
- Fewest borrowers: Wyoming (54,800)
- Lowest Average Balance: North Dakota ($29,550)
- Highest Average Balance: Maryland ($45,020)*
*Washington D.C. is a district rather than a state, but its average student loan balance is a whopping $56,080.
Student Loan Debt By State Breakdown
You can see a state by state breakdown of the student loan debt situation below.
State | Total Borrowers | Average Debt |
|---|---|---|
Alabama | 655,200 | $38,770 |
Alaska | 65,800 | $36,470 |
Arizona | 912,600 | $36,600 |
Arkansas | 404,500 | $34,500 |
California | 3,918,800 | $39,430 |
Colorado | 769,600 | $38,330 |
Connecticut | 512,900 | $38,020 |
Deleware | 135,800 | $40,500 |
District of Columbia | 115,900 | $56,080 |
Florida | 2,731,100 | $40,460 |
Georgia | 1,689,000 | $43,160 |
Hawaii | 121,200 | $39,600 |
Idaho | 216,300 | $34,210 |
Illinois | 1,600,500 | $40,240 |
Indiana | 895,400 | $34,060 |
Iowa | 423,000 | $31,680 |
Kansas | 379,700 | $33,970 |
Kentucky | 611,100 | $34,690 |
Louisiana | 681,700 | $35,790 |
Maine | 187,100 | $35,280 |
Maryland | 839,700 | $45,020 |
Massachusetts | 902,800 | $36,660 |
Michigan | 1,379,000 | $38,070 |
Minnesota | 774,300 | $35,260 |
Mississippi | 450,700 | $38,380 |
Missouri | 824,200 | $36,640 |
Montana | 126,700 | $35,520 |
Nebraska | 244,000 | $33,610 |
Nevada | 364,400 | $35,400 |
New Hampshire | 188,700 | $36,040 |
New Jersey | 1,226,700 | $38,640 |
New Mexico | 226,100 | $34,940 |
New York | 2,451,100 | $40,020 |
North Carolina | 1,364,800 | $39,930 |
North Dakota | 88,000 | $29,550 |
Ohio | 1,765,100 | $35,920 |
Oklahoma | 506,700 | $33,160 |
Oregon | 528,000 | $39,020 |
Pennsylvania | 1,842,200 | $37,240 |
Rhode Island | 148,500 | $34,340 |
South Carolina | 771,600 | $39,660 |
South Dakota | 116,500 | $31,760 |
Tennessee | 888,800 | $38,030 |
Texas | 3,895,200 | $34,580 |
Utah | 314,500 | $34,660 |
Vermont | 75,200 | $38,560 |
Virginia | 1,086,600 | $41,320 |
Washington | 780,000 | $37,690 |
West Virginia | 227,300 | $33,440 |
Wisconsin | 711,000 | $33,470 |
Wyoming | 54,800 | $31,020 |
“Economic Well-Being of U.S. Households in 2020 - May 2021”, Board of Governors of The Federal Reserve System, October 7, 2022, https://www.federalreserve.gov/publications/2021-economic-well-being-of-us-households-in-2020-student-loans.htm
The United States Government. “President Joe Biden Announces $7.4 Billion in Student Debt Cancellation for 277,000 More Americans, Pursuing Every Path Available to Cancel Student Debt" April 12, 2024, https://www.whitehouse.gov/briefing-room/statements-releases/2024/04/12/president-joe-biden-announces-7-4-billion-in-student-debt-cancellation-for-277000-more-americans-pursuing-every-path-available-to-cancel-student-debt/
Education Data Initiative, "Student Loan Debt By State", May 13, 2024. https://educationdata.org/student-loan-debt-by-state
Editor: Ashley Barnett Reviewed by: Robert Farrington
Hannah Rounds is a data-driven personal finance writer with over a decade of experience helping readers understand how to make smarter money decisions. She specializes in breaking down complex financial topics (from student loans to investing tools) using a practical, analytical approach rooted in real-world data.
She holds a B.A. in Economics from Furman University (Summa Cum Laude), where she received the Arthur Magill Economics Award and the J. Carlyle Ellet Economics Prize. She has written extensively on taxes, investing, student loans, and financial technology, focusing on how data shapes smarter financial decisions.
When she’s not writing or analyzing spreadsheets, Hannah enjoys exploring new budgeting tools and finding fresh ways to make finance easier for families.