Millennials aren’t the only ones racking up billions of dollars in student debt.
Turns out, in three out of every four states, “the total outstanding student debt held by borrowers over age 60 increased by more than 50 percent [since 2012].” This data comes from the Consumer Financial Protection Bureau (CFPB), which also found that from 2012 to 2017, the number of baby boomers with student debt has increased by “at least 20 percent in every state.”
What’s even more shocking is the actual dollar amount of total baby boomer student debt for each state—Texas comes in at $6,760,220,000, and it didn’t even make the top three.
See how much baby boomer student debt your state has accumulated. (Hint: at the very least, it’s in the hundreds of millions of dollars.)
50. Wyoming
Total student balance for borrowers age 60 and older: $111,834,100
49. Alaska
Total student balance for borrowers age 60 and older: $147,871,000
48. North Dakota
Total student balance for borrowers age 60 and older: $185,125,700
47. South Dakota
Total student balance for borrowers age 60 and older: $266,013,100
46. Idaho
Total student balance for borrowers age 60 and older: $325,985,500
45. Montana
Total student balance for borrowers age 60 and older: $346,712,800
44. Vermont
Total student balance for borrowers age 60 and older: $347,352,700
43. Hawaii
Total student balance for borrowers age 60 and older: $387,892,000
42. West Virginia
Total student balance for borrowers age 60 and older: $416,178,800
41. Utah
Total student balance for borrowers age 60 and older: $467,623,300
40. Nebraska
Total student balance for borrowers age 60 and older: $521,516,000
39. Delaware
Total student balance for borrowers age 60 and older: $536,479,200
38. Maine
Total student balance for borrowers age 60 and older: $588,882,100
37. New Mexico
Total student balance for borrowers age 60 and older: $603,955,600
36. Rhode Island
Total student balance for borrowers age 60 and older: $609,235,400
35. Arkansas
Total student balance for borrowers age 60 and older: $620,612,800
34. Mississippi
Total student balance for borrowers age 60 and older: $672,880,700
33. Kansas
Total student balance for borrowers age 60 and older: $718,827,000
32. Nevada
Total student balance for borrowers age 60 and older: $735,935,000
31. New Hampshire
Total student balance for borrowers age 60 and older: $807,447,200
30. Kentucky
Total student balance for borrowers age 60 and older: $865,166,500
29. Iowa
Total student balance for borrowers age 60 and older: $881,100,300
28. Oklahoma
Total student balance for borrowers age 60 and older: $1,050,950,000
27. Louisiana
Total student balance for borrowers age 60 and older: $1,177,845,000
26. Oregon
Total student balance for borrowers age 60 and older: $1,249,198,000
25. Alabama
Total student balance for borrowers age 60 and older: $1,299,578,000
24. South Carolina
Total student balance for borrowers age 60 and older: $1,538,660,000
23. Wisconsin
Total student balance for borrowers age 60 and older: $1,542,771,000
22. Tennessee
Total student balance for borrowers age 60 and older: $1,653,585,000
21. Missouri
Total student balance for borrowers age 60 and older: $1,717,022,000
20. Arizona
Total student balance for borrowers age 60 and older: $1,854,555,000
19. Minnesota
Total student balance for borrowers age 60 and older: $1,873,396,000
18. Connecticut
Total student balance for borrowers age 60 and older: $1,902,854,000
17. Colorado
Total student balance for borrowers age 60 and older: $1,915,617,000
16. Indiana
Total student balance for borrowers age 60 and older: $2,029,478,000
15. Washington
Total student balance for borrowers age 60 and older: $2,056,024,000
14. North Carolina
Total student balance for borrowers age 60 and older: $2,489,550,000
13. Virginia
Total student balance for borrowers age 60 and older: $2,748,123,000
12. Georgia
Total student balance for borrowers age 60 and older: $3,345,422,000
11. Michigan
Total student balance for borrowers age 60 and older: $3,421,531,000
10. Maryland
Total student balance for borrowers age 60 and older: $3,559,640,000
9. Massachusetts
Total student balance for borrowers age 60 and older: $3,668,714,000
8. Ohio
Total student balance for borrowers age 60 and older: $4,637,882,000
7. New Jersey
Total student balance for borrowers age 60 and older: $4,742,573,000
6. Illinois
Total student balance for borrowers age 60 and older: $5,103,916,000
5. Texas
Total student balance for borrowers age 60 and older: $6,760,220,000
4. Pennsylvania
Total student balance for borrowers age 60 and older: $6,830,725,000
3. Florida
Total student balance for borrowers age 60 and older: $7,132,025,000
2. New York
Total student balance for borrowers age 60 and older: $9,181,882,000
1. California
Total student balance for borrowers age 60 and older: $11,274,120,000
Image: AIMSTOCK
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