Graduates of Grambling State University have the highest average student loan debt in Louisiana, with 92% of graduates taking out federal loans totaling about $47,000 on average, according to a report from LendEDU.
Southeastern University graduates have the least amount of federal student loan debt, with just 56% of students taking out loans averaging about $20,000. Â
LSU was in the middle of Louisiana schools, according to the report. At LSU 42% of graduates have federal student loan debt, with loan amounts averaging $24,933. Â
In terms of individual student debt statewide, the average borrower from the 2017 graduating class finished school with about $26,808 in federal student loan debt. About 48% of students take out loans in Louisiana, bringing it to No. 19 for student debt when compared to other states.
Student loan debt in the U.S. continues to be an important issue, LendEDU says in the report. The total outstanding student loan debt now stands at to $1.52 trillion, making it the second largest form of consumer debt behind only mortgages.
In terms of individual student debt, the average borrower from the Class of 2017 graduated with $28,288 in debt, an increase from the $27,975 for the Class of 2016.
LendEDU creates their report using licensing data collected from the annual Peterson’s financial aid survey.
