Average Student Debt
What it is: The average amount of debt for undergraduate students graduating in 2014 in each U.S. State for public universities that are 4-years and above. Average debt is shown in 2016 dollars. Total debt growth and annual debt growth are based on dollar figures that have been inflated to 2016 dollars.
Why it matters: This information helps us know the debt burden for students graduating with undergraduate degrees in each state. The higher the debt, the longer a student may take to pay it back. This means that many graduating students will have to spend a higher share of their future income on paying student loans rather than spending their money in the economy.