Source: wutwhanfoto / Getty
Shocking? Maybe not.
A recently released study has ranked Maryland second in the nation for the highest amount of student loan debt.
The report released by ChamberofCommerce.org estimates that 808,600 student loan borrowers are in the state.
Combined, student loan borrowers owe around $34.5 billion which leaves each individual about $42,666 in debt.
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Maryland only trails Washington D.C.
The study comes after the U.S. Department of Education said it would forgive more than 804,000 federal student loan borrowers “to ensure all borrowers have an accurate count of the number of monthly payments that qualify toward forgiveness under income-driven repayment (IDR) plans.”
However, that announcement followed the Supreme Court ruling against President Joe Biden’s plan to forgive up to $20,000 in federal student loan debt for all borrowers making less than $125,000 a year.
To check out the full findings from the study, click here. Keep scrolling to see the top ten states.
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1. Washington D.C.
Source:Getty
Total Debt: $6.1 billion
Borrowers: 111,200
Average Student Loan Debt: $54,856
2. Maryland
Source:Getty
Total Debt: $34.5 billion
Borrowers: 808,600
Average Amount Of Debt:$42,666
3. Georgia
Source:Getty
Total Debt:$65 billion
Borrowers: 1,607,400
Average Amount Of Student Loan Debt: $40,438
4. Virginia
Source:Getty
Total Debt: $41 billion
Borrowers: 1,060,000
Average Amount Of Student Loan Debt: 38,679
5. Florida
Source:Getty
Total Debt: $95.8 billion
Borrowers: 2,531,200
Average Amount Of Student Debt: $37,848
6. Illinois
Source:Getty
Total Debt: $59 billion
Borrowers: 1,562,900
Average Amount Of Student Debt: $37,750
7. New York
Source:Getty
Total Debt: $88.9 billion
Borrowers: 2,359,800
Average Amount Of Student Debt: $37,673
8. Hawaii
Source:Getty
Total Debt: $4.3 billion
Borrowers: 115,300
Average Amount Of Student Debt: $37,294
9. Vermont
Source:Getty
Total Debt: $2.8 billion
Borrowers: 75,100
Average Amount Of Student Debt: $37,284
10. California
Source:Getty
Total Debt: $137.6 billion
Borrowers: 3,696,600
Average Amount Of Student Debt: $37,223
