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Pennsylvania leads the pack in college loan dept, California near the bottom

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Posted at 8:53 AM, Jun 24, 2019
and last updated 2019-06-24 11:53:24-04

According to the website 24/7 Wall St., Pennsylvania leads all states in average student loan debt with over $36,000 per graduate.

"Student loan debt is a growing crisis in the United States, hitting an all-time high of $1.5 trillion in 2019 and overtaking auto loans and credit card debt in the last decade. Today, more than 44 million Americans, or one in five adults, are saddled with student loan debt," said 24/7 Wall St.

Senator and presidential candidate Bernie Sanders just announced a plan to eliminate the student debt of every American. Fellow Senator and presidential candidate Elizabeth Warren released her own college debt forgiveness plan.

Rounding out the Top 5 states where students graduate with the most debt is Rhode Island, Delaware, New Hampshire and Alabama. California ranked towards the bottom, coming in at #47 with an average debt of $22,383.

In addition, 67% of Pennsylvania grads leave college owing money, which puts them 5th in the nation in that category. California sees 50% of their graduates leave school owning money.

If you want to leave college owing the least amount of money, move to Utah. Students graduating from there owe just $18,425.