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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.)
Total student balance for borrowers age 60 and older: $111,834,100
Total student balance for borrowers age 60 and older: $147,871,000
Total student balance for borrowers age 60 and older: $185,125,700
Total student balance for borrowers age 60 and older: $266,013,100
Total student balance for borrowers age 60 and older: $325,985,500
Total student balance for borrowers age 60 and older: $346,712,800
Total student balance for borrowers age 60 and older: $347,352,700
Total student balance for borrowers age 60 and older: $387,892,000
Total student balance for borrowers age 60 and older: $416,178,800
Total student balance for borrowers age 60 and older: $467,623,300
Total student balance for borrowers age 60 and older: $521,516,000
Total student balance for borrowers age 60 and older: $536,479,200
Total student balance for borrowers age 60 and older: $588,882,100
Total student balance for borrowers age 60 and older: $603,955,600
Total student balance for borrowers age 60 and older: $609,235,400
Total student balance for borrowers age 60 and older: $620,612,800
Total student balance for borrowers age 60 and older: $672,880,700
Total student balance for borrowers age 60 and older: $718,827,000
Total student balance for borrowers age 60 and older: $735,935,000
Total student balance for borrowers age 60 and older: $807,447,200
Total student balance for borrowers age 60 and older: $865,166,500
Total student balance for borrowers age 60 and older: $881,100,300
Total student balance for borrowers age 60 and older: $1,050,950,000
Total student balance for borrowers age 60 and older: $1,177,845,000
Total student balance for borrowers age 60 and older: $1,249,198,000
Total student balance for borrowers age 60 and older: $1,299,578,000
Total student balance for borrowers age 60 and older: $1,538,660,000
Total student balance for borrowers age 60 and older: $1,542,771,000
Total student balance for borrowers age 60 and older: $1,653,585,000
Total student balance for borrowers age 60 and older: $1,717,022,000
Total student balance for borrowers age 60 and older: $1,854,555,000
Total student balance for borrowers age 60 and older: $1,873,396,000
Total student balance for borrowers age 60 and older: $1,902,854,000
Total student balance for borrowers age 60 and older: $1,915,617,000
Total student balance for borrowers age 60 and older: $2,029,478,000
Total student balance for borrowers age 60 and older: $2,056,024,000
Total student balance for borrowers age 60 and older: $2,489,550,000
Total student balance for borrowers age 60 and older: $2,748,123,000
Total student balance for borrowers age 60 and older: $3,345,422,000
Total student balance for borrowers age 60 and older: $3,421,531,000
Total student balance for borrowers age 60 and older: $3,559,640,000
Total student balance for borrowers age 60 and older: $3,668,714,000
Total student balance for borrowers age 60 and older: $4,637,882,000
Total student balance for borrowers age 60 and older: $4,742,573,000
Total student balance for borrowers age 60 and older: $5,103,916,000
Total student balance for borrowers age 60 and older: $6,760,220,000
Total student balance for borrowers age 60 and older: $6,830,725,000
Total student balance for borrowers age 60 and older: $7,132,025,000
Total student balance for borrowers age 60 and older: $9,181,882,000
Total student balance for borrowers age 60 and older: $11,274,120,000
Image: AIMSTOCK
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