Student loan debt has grown 250% in the last 10 years — here's where grads owe the most

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Student loan debt has grown 250% in the last 10 years — here's where grads owe the most

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Over the past decade, student loan debt has skyrocketed, increasing by more than 250 percent across the U.S., according to a new report by consumer spending site ValuePenguin. That adds up to more than $1.4 trillion in collective debt.

The site reports, "between 2004 and 2014, the U.S. saw an almost 90 percent increase in the number of student loan borrowers, in addition to a nearly 80 percent uptick in average balance size." The average amount of debt per borrower nationwide now is $26,700, but in some places graduates owe much more.

ValuePenguin ranked each state according to the average amount of debt per graduate using data from The Institute for College Access & Success.

These are the 15 states where the average amount of student debt is the highest.

15. Wisconsin

Number of graduates with debt: 70 percent
Average debt: $29,460

Downtown Milwaukee: small businesses are rising in this Midwestern city
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Downtown Milwaukee: small businesses are rising in this Midwestern city

14. Iowa

Number of graduates with debt: 66 percent
Average debt: $29,547

Des Moines, Iowa.
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Des Moines, Iowa.

13. Maine

Number of graduates with debt: 63 percent
Average debt: $29,644

Paddleboarding across the harbor in Portland, Maine.
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Paddleboarding across the harbor in Portland, Maine.

12. Mississippi

Number of graduates with debt: 62 percent
Average debt: $29,942

The historic district of Hattiesburg, Mississippi
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The historic district of Hattiesburg, Mississippi

11. Michigan

Number of graduates with debt: 63 percent
Average debt: $30,045

Detroit, Michigan.
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Detroit, Michigan.

10. New Jersey

Number of graduates with debt: 66 percent
Average debt: $30,104

Jersey City, New Jersey
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Jersey City, New Jersey

9. Ohio

Number of graduates with debt: 66 percent
Average debt: $30,239

Buildings in the downtown skyline are reflected in the Cuyahoga River in Cleveland, Ohio, April 12, 2014.
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Buildings in the downtown skyline are reflected in the Cuyahoga River in Cleveland, Ohio, April 12, 2014.

8. South Carolina

Number of graduates with debt: 60 percent
Average debt: $30,564

Vacation apartments on Hilton Head Island, South Carolina.
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Vacation apartments on Hilton Head Island, South Carolina.

7. Massachusetts

Number of graduates with debt: 66 percent
Average debt: $31,466

Boston
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Boston

6. Minnesota

Number of graduates with debt: 70 percent
Average debt: $31,526

Rochester, Minnesota
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Rochester, Minnesota

5. Rhode Island

Number of graduates with debt: 64 percent
Average debt: $32,920

Jamestown, Rhode Island
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Jamestown, Rhode Island

4. Delaware

Number of graduates with debt: 65 percent
Average debt: $33,849

Wilmington, Delaware
Wilmington, Delaware

3. Connecticut

Number of graduates with debt: 64 percent
Average debt: $34,773

Hartford, Connecticut
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Hartford, Connecticut

2. Pennsylvania

Number of graduates with debt: 71 percent
Average debt: $34,798

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1. New Hampshire

Number of graduates with debt: 76 percent
Average debt: $36,101