In the United States, the outstanding student loan debt balance has swelled to $1.67 trillion, and the situation is only getting worse in most parts of the country.
But, Michigan is bucking that trend according to the latest data.
LendEDU recently published our fifth annual Student Loan Debt by School by State Report, which analyzed the respective student loan debt numbers for the class of 2019 at 475 colleges and universities.
On a national level, the average student loan debt per borrower figure for the class of 2019 was $29,076, which was a $511 increase from the class of 2018s figure.
Yet in Michigan, the average debt per borrower figure for the class of 2019 was $28,895, an 8….