HONOLULU (HawaiiNewsNow) - Hawaii residents collectively carry about $4.1 billion in student loan debt.
That’s more than twice the amount they had a decade ago, according to a new report from credit agency Experian.
The report looked at student loan debt by state since 2008.
South Carolina saw the biggest percentage increase — 315 percent — as its student loan debt grew from $5.5 billion to $23 billion over the last decade.
California was the state with the biggest student loan debt — at $132 billion. The smallest: Alaska ($2.2 billion)
Nationally, the report found that student loan debt has more than doubled in the last 10 years, hitting an all-time high of $1.36 trillion in the third quarter of 2018.
The analysis comes amid growing concerns about the costs of a higher education.
The good news for Hawaii: Students who attend college carry less debt than their counterparts who attend school on the mainland.