Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

10 States With Highest Student Loan Debt Per Graduate

Most college graduates will tell you it's hard enough to complete four (or more) long years of packaged noodles, 10-page papers and excruciating final exams. 

And things often get harder for new graduates after school's over, especially when it comes to finding a job. The unemployment rate among recent college graduates (under age 26) is still at a stubbornly high 8.9%, according to a 2011 report from Georgetown University's Center on Education and the Workforce.

But there's one challenge that may present an even-greater threat to a new grad. It follows them for years -- even decades. It typically can't be forgiven in bankruptcy. The government can garnish wages to make sure a graduate repays it. And it doesn't care what kind of job the graduate gets -- it must be repaid at all costs.

Meet student loan debt -- a financial burden that two out of three college graduates must face each and every month.

Collectively, college graduates now owe more than $1 trillion in student loans -- more than what all Americans owe on auto loans or even credit card debt. The graduating class of 2010 owed an average of $25,250 per student, according to the Institute for College Access & Success. 

So which states had the graduates with the highest student loan debt?

Here are the top 10 states that held the most student loan debt per graduate at the end of the 2010 school year, according to a report by the Institute for College Access and Success: