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

Andreas Rentz | Getty Images

Over the past decade, , 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

14. Iowa

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

13. Maine

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

12. Mississippi

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

11. Michigan

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

10. New Jersey

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

9. Ohio

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

8. South Carolina

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

7. Massachusetts

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

6. Minnesota

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

5. Rhode Island

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

4. Delaware

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

3. Connecticut

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

2. Pennsylvania

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

1. New Hampshire

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

Sean Pavone | Getty Images

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