Federal student loan debt statistics in Kansas

• The residents of Kansas have a combined student loan debt of $12.5 billion
• This is the 33rd-largest debt of all the states in the nation
• The average debt of a borrower from Naples is $32,578 – 42nd largest in the nation
• It is also $5,209 below the national average
• Kansas has a total of 383,700 residents with student loan debt
• This is 13.07% of the population of the state – 20th in the nation when it comes to the percentage of the population with student loan debt
• 52.60% of borrowers are below the age of 35

How much student loan debt does the average Kansas resident have?

• The average debt of a borrower from Naples is $32,578 – 42nd largest in the nation
• $5,209 below the national average
• When looking at the brackets of how much residents owe:
  • 17.20% owe less than $5,000
  • 21.80% owe between $20,000 and $40,000
  • 1.40% owe more than $200,000

How much do Kansas residents borrow each year?

• 34.50% of undergraduate students in Kansas have student loan debt
• At 2-year schools, 18.30% of the students take loans out to cover their expenses
• On average, they are awarded $5,515 per year
• At 4-year schools, 46.60% of undergraduate students take out loans
• On average, they are awarded $6,862 per year

State-level financial aid for students in Kansas

• The state of Kansas has an annual financial aid budget of $22.4 million
• On average, Kansas spends $163 per undergraduate student
• The only states that spend less per undergraduate student are New Hampshire, Montana, Utah, Arizona, Idaho, Hawaii, and South Dakota
• This works out to around 0.45% of the GSP (Gross State Product)
• This is the 24th largest GSP spend of any state in the country
• $17.7 million of the state budget is distributed to students in the form of needs-based grants that don’t need to be re-paid
• The remaining $4.7 million is distributed through other programs – some of which may be liable for repayment further down the line