Colorado borrowers average $26,662 in student loan debt

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Published Saturday, September 21, 2019

The Center Square

Colorado finished 33rd in a study by the website 24/7 Wall St. examining average student loan debt for college graduates in the 50 states.

The analysis characterized student loan debt as a growing problem in the United States, noting that the debt hit a new high of $1.5 trillion this year. Nearly 20 percent of U.S. adults have student loan debt, the study said.

The average borrower in Colorado has a debt of $26,662, according to the analysis, which is based on data from the website LendEDU. The share of graduates in the state with debt stood at 52 percent. 

And 41.2 percent of residents in the state have bachelor's degrees, according to 24/7 Wall St.

College loan liabilities have led more than 25 percent of borrowers to postpone marriage or start a family, LendEDU reports. And more than 50 percent of those with student loans delay purchasing a home or saving for their golden years, according to the website.

Which States Have the Highest Student Loan Debt?

Rank

State

Avg. Debt per Borrower

Graduates With Debt

Adults With Bachelor's Degrees

Median Household Income

1

Pennsylvania

$36,193

67%

31.4%

$59,195

2

Rhode Island

$35,371

64%

33.5%

$63,870

3

Delaware

$34,144

62%

31.5%

$62,852

4

New Hampshire

$33,462

74%

36.9%

$73,381

5

Alabama

$31,861

50%

25.5%

$48,123

6

Connecticut

$31,643

58%

38.7%

$74,168

7

New York

$31,506

64%

36%

$64,894

8

South Dakota

$31,332

73%

28.1%

$56,521

9

Massachusetts

$31,319

59%

43.4%

$77,385

10

Minnesota

$31,231

68%

36.1%

$68,388

11

Michigan

$30,978

58%

29.1%

$54,909

12

New Jersey

$30,794

62%

39.7%

$80,088

13

Maine

$30,321

59%

32.1%

$56,277

14

South Carolina

$30,310

58%

28%

$50,570

15

Mississippi

$30,268

50%

21.9%

$43,529

16

Ohio

$29,723

64%

28%

$54,021

17

Vermont

$29,656

60%

38.3%

$57,513

18

Wisconsin

$29,569

65%

30.4%

$59,305

19

Iowa

$29,411

62%

28.9%

$58,570

20

Indiana

$29,405

58%

26.8%

$54,181

21

Virginia

$29,316

56%

38.7%

$71,535

22

Maryland

$28,844

56%

39.7%

$80,776

23

Illinois

$28,424

61%

34.4%

$62,992

24

Montana

$28,389

59%

32.3%

$53,386

25

Georgia

$28,376

57%

30.9%

$56,183

26

Kentucky

$28,078

60%

24%

$48,375

27

West Virginia

$27,608

70%

20.2%

$43,469

28

Kansas

$27,604

58%

33.7%

$56,422

29

Oregon

$27,550

57%

33.7%

$60,212

30

Texas

$27,001

55%

29.6%

$59,206

31

Missouri

$26,834

59%

29.1%

$53,578

32

Louisiana

$26,808

48%

23.8%

$46,145

33

Colorado

$26,662

52%

41.2%

$69,117

34

Idaho

$26,604

61%

26.8%

$52,225

35

Arkansas

$26,561

55%

23.4%

$45,869

36

Oklahoma

$26,270

48%

25.5%

$50,051

37

North Carolina

$26,164

58%

31.3%

$52,752

38

North Dakota

$26,080

66%

30.7%

$61,843

39

Nebraska

$25,501

55%

31.7%

$59,970

40

Alaska

$25,349

46%

28.8%

$73,181

41

Tennessee

$25,054

56%

27.3%

$51,340

42

Hawaii

$24,955

49%

32.9%

$77,765

43

Arizona

$23,913

54%

29.4%

$56,581

44

Florida

$23,556

50%

29.7%

$52,594

45

Washington

$23,359

52%

35.5%

$70,979

46

Wyoming

$22,524

47%

27.6%

$60,434

47

California

$22,383

50%

33.6%

$71,805

48

Nevada

$22,026

49%

24.9%

$58,003

49

New Mexico

$21,805

53%

27.1%

$46,744

50

Utah

$18,425

39%

34.6%

$68,358

Source: 24/7 Wall St. and LendEDU.com

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