As the race for the Democratic nomination for the 2020 presidential election heats up, the issue of student debt
has become a major issue with most candidates promising to address it in some shape or form. For example, Bernie Sanders wants to abolish student debt completely while Elizabeth Warren wants to make colleges tuition-free and cancel considerable chunks of debt for large swathes of borrowers. As the talking point gets louder, outstanding student debt across the country now stands at $1.52 trillion which makes it the second largest form of consumer debt
That figure comes from a Lendedu who recently published their Student Loan Debt by School by State Report
for the fourth successive year. In 2017, an average borrower left campus in debt to the tune of $28,288 and by 2018, that had increased to $28,565. At state level, Connecticut had the highest level of debt per borrower at $38,776, followed by New Hampshire ($36,754) and Rhode Island ($36,212). The lowest levels of debt per borrower were recorded in Utah which had $19,742 followed by New Mexico ($22,115) and Alaska ($22,155).