Average student loan debt increased in first half of 2024 in Arizona

Despite repayments on federal student loans resuming late last year, much is still up in the air with student loan debt. Some loans have been forgiven, and more than a few borrowers have received incomplete, contradictory or confusing information about their loans.

Experian compiled data on student loan debt in Arizona, as well as the nation at-large, to see how residents of the state are faring. Student loan balance data is Experian data unless otherwise noted.

Most generations in the U.S. are still managing student loan balances averaging more than $40,000. Generation X, the eldest of whom turn 60 next year, owe the most on their student loans, on average.

There's wider variance among the states for student loan balances than for other types of consumer debt, including auto loans and credit card debt. In most states, average student loan balances range from $25,000 to $45,000. One obvious outlier is Washington, D.C., where the average student loan balance topping $57,000 is notable.

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