2019 college grads in Wisconsin carried an average of $31,550 in student debt

In Wisconsin, the share of graduates with debt during the 2018-19 academic year stood at 64%, the institute reported, while the total cost of attending college in the state averaged $28,296. 

Last year’s Wisconsin college graduates on average racked up $31,550 in student loan debt, the 14th highest average among the 50 states and the District of Columbia, according to a new report from the Institute for College Access & Success.

The 2019 numbers were below those reported the year before, when 65% of U.S. graduates had loan debt, according to the institute. The average student loan debt in 2018 was $29,200.

Nationwide, 62% of college seniors who graduated from both private and public universities last year had student loan debt, the analysis found. On average, graduates at the nation’s colleges owed an average of $28,950 last year, the data shows.

The slight decline in student loan debt was attributed to increases in state higher education spending as well as the effects of a strong economy prior to the coronavirus pandemic, the researchers said. But even so, student debt has not returned to the more normal levels that occurred prior to the Great Recession, according to the analysis.


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State Average Debt of Graduates (2018-19) Average Debt Rank Percent of Graduates with Debt (2018-19) Percent with Debt Rank Total Cost of Attendance (on-campus)
New Hampshire $39,410 1 74% 1 $44,069
Pennsylvania $39,027 2 65% 6 $43,974
Connecticut $38,546 3 56% 27 $48,662
Rhode Island $37,614 4 59% 18 $50,508
Delaware $37,447 5 59% 18 $29,388
Maine $33,591 6 67% 3 $35,050
New Jersey $33,566 7 64% 7 $39,219
Massachusetts $33,256 8 55% 30 $53,853
North Dakota $32,745 9 64% 7 $20,975
District of Columbia $32,039 10 46% 46 $64,354
Minnesota $31,856 11 66% 5 $34,345
South Dakota $31,653 12 74% 1 $25,335
Mississippi $31,651 13 55% 30 $17,609
Wisconsin $31,550 14 64% 7 $28,296
South Carolina $31,524 15 60% 12 $31,534
New York $31,155 16 58% 22 $43,375
Michigan $30,677 17 59% 18 $29,456
Virginia $30,574 18 56% 27 $33,971
Vermont $30,566 19 60% 12 $45,172
Maryland $30,303 20 53% 34 $35,601
Iowa $30,259 21 63% 10 $28,549
Ohio $29,886 22 60% 12 $34,678
Alabama $29,791 23 50% 36 $25,805
Illinois $29,666 24 61% 11 $42,705
West Virginia $29,272 25 67% 3 $24,979
Missouri $28,740 26 57% 24 $28,491
Kentucky $28,482 27 58% 22 $30,068
Indiana $28,112 28 59% 18 $31,855
Georgia $28,081 29 56% 27 $28,641
Oregon $27,542 30 54% 33 $33,343
Tennessee $27,525 31 60% 12 $33,397
Montana $27,265 32 57% 24 $23,188
Texas $26,951 33 48% 40 $27,302
Kansas $26,788 34 60% 12 $23,281
Arkansas $26,679 35 53% 34 $24,648
North Carolina $26,583 36 55% 30 $31,244
Colorado $26,562 37 50% 36 $31,396
Nebraska $26,026 38 57% 24 $26,436
Idaho $25,942 39 60% 12 $18,778
Alaska $25,925 40 48% 40 $24,536
Oklahoma $25,793 41 47% 44 $25,067
Louisiana $25,512 42 48% 40 $29,661
Arizona $24,712 43 49% 39 $27,746
Washington $24,645 44 50% 36 $31,186
Florida $24,629 45 48% 40 $29,638
Hawaii $23,577 46 43% 50 $29,290
Wyoming $23,444 47 46% 46 $16,275
California $21,485 48 47% 44 $36,347
Nevada $21,254 49 46% 46 $24,475
New Mexico $20,991 50 45% 49 $20,791
Utah $17,935 51 40% 51 $20,769

Source: Institute for College Access & Success

Which States Have the Highest Student Loan Debt?

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