5 States with the Highest Student Loan Debt

2. Texas

Total Borrowers: 3,847,400

Student Loan Balance: $128.26 billion

Texas has a substantial student loan burden, with $128.26 billion owed and an average debt per borrower of $33,340. This places Texas in the second position on the list of states with the highest student loan debt. It’s important to note that while Texas has a large total loan amount, the average debt per borrower is lower than the national average. Additionally, 20% of this debt is non-federal, often with higher interest rates and fewer borrower protections.