Student debt is (blank).

An investment, waste of money, too much money...I am not here to talk politics. You fill in that blank how you want.

And this is NOT about student debt relief. So no need to get political here. These are just facts about the states with the most student debt.

As it turns out, student loan borrowers in New Hampshire are worse off than many others in the world.

According to a WalletHub article,

"student loans make up the largest component of household debt for Americans. Our collective debt keeps growing, too. At the end of the first quarter of 2023, total outstanding college-loan balances stood at nearly $1.64 trillion, according to the Department of Education. That comes out to an average of over $37,000 for each of the 43.8 million borrowers."

But student debt is not necessarily created equal. There are many factors that go into which state has the most vs least student debt.

New Hampshire is the state with the highest average student debt. The Granite State also ranked #2 with the biggest proportion of students with debt.

With these horrible stats, you would think that New Hampshire would be the state with the most student debt, but the 603 actually came in 7th. The state with the most student debt is actually Pennsylvania.

Below is an image with the data provided in a visual format. Something interesting I noticed was that the Northeast was far worse off than the rest of the country.

Source: WalletHub

Something else that was interesting to me was the impact on homeownership that was affected by student debt.

The image below compares states with the most debt and states with the most homeowners.

Source: WalletHub

So although New Hampshire residents have enormous amounts of student debt, they also are homeowners...interesting.

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