Seven in 10 college seniors who graduated in 2012 took on student loans along the way, to the tune of $29,400 on average, according to a recent study from The Institute for College Access and Success (TICAS) But debt levels aren’t uniform across the country. Read on for the 10 states with the lowest average student debt levels, according to TICAS. Can you guess which state had the lowest?
Average debt: $17,944
Students with debt: 61 percent
New Mexico’s average student debt in 2012 was by far the lowest, besting No. 2 California by an impressive $2,300 per student. But its place atop the standings comes with a caveat: Only 45 percent of the state’s seniors were included in the data.
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