Here’s the average student loan debt in Alabama

source: al.com

More than 40 million Americans have some $1.7 trillion in student loan debt. What will happen with that debt – and if any of it will be forgiven via White House intervention – remains to be seen.

source: al.com

The average student loan debt in each state is $29 billion, according to the information from the Education Data Initiative.

source: al.com

Overall, states with larger populations – California, Texas, Florida and New York – have the highest student loan debt totals at $141.8 billion, $120 billion, $100.9 billion and $92.7 billion, respectively.

source: al.com

 The states that owe the least are Wyoming ($1.7 billion), Alaska ($2.3 billion), North Dakota ($2.5 billion) and Vermont ($2.9 billion.)

source: al.com

District of Columbia residents have the nation’s highest average federal student loan debt at $54,945 per borrower.

source: al.com

North Dakota’s average federal student loan debt is $28,604, making it the only state where the average debt is less than $30,000.

source: al.com

Alabama’s average federal student loan debt exceeds the national average, the Initiative found.

source: al.com

Here’s the data from Alabama:

– $23.5 billion in federal student loan debt comes from Alabama. – $37,137 is the average student loan debt in Alabama

source: al.com

– 632,800 Alabama residents have student loan debt. – 50.3% of them are under the age of 35. – 12.6% of Alabama residents owe student loan debt.

source: al.com

– Among the state’s indebted student borrowers, 16% owe less than $5,000. – 20.9% owe $20,000 to $40,000 (average $28,669). – 2.1% owe more than $200,000.

source: al.com