How much student loan debt is out there?

SHARE How much student loan debt is out there?

On Monday, President Barack Obama expanded a student loan debt program that lets borrowers pay no more than 10 percent of their income every month, and threw his support behind more sweeping Senate legislation targeting the issue.

Exactly how much student loan debt is out there? Quick answer: A lot, and it greatly varies from state to state.

According to the Project on Student Debt, seven out of 10 college seniors who graduated in 2012 had student loan debt, which averaged $29,400 per borrower. New Mexico came in the lowest at $17,994, while Delaware comes in on top at $33,649.

RELATED: Obama’s own student loans = $42,753 for Harvard Law School

Here’s the state-by-state breakdown:

(Note: Data not available for North Dakota and Hawaii)

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