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Recent grads in these states carry the most student loan debt Credit.com
(Credit.com)

The world is your oyster, they say. Just study hard, apply yourself and have endless opportunities greet you upon graduation. Sounds rewarding enough until costs are factored in.

According to Student Loan Hero, the average student celebrating commencement this spring will leave the hallowed halls of her alma mater $37,172 in the hole.

RELATED: 5 things to know about paying off your student loans

Using FinAid.org’s repayment calculator, a college graduate with $37,172 in debt would need to make $51,333 annually to pay that debt down over the course of 10 years. According to Time, however, the median salary of liberal arts and humanities graduates is just $36,237 right out of school. Only engineering graduates make above the $50K mark, with the average for all college graduates sitting at $45,478.

Over 40 million Americans carry student loan debt, equaling $1.3 trillion in total.

RELATED: Drowning in student loans? These cities are helping graduates pay off their debts

The team at Credio wanted to see how the U.S. states’ student loan burden compares. To do this, they analyzed the amount of student loan debt per capita (amount attributable to all citizens) in all 50 states. This list also includes the student loan delinquency rate (measured as the percent of student debt that is at least 90 days delinquent), the percentage of state residents with at least a bachelor’s degree and the median income in the state.

Alabama

Student loan debt per capita: $4,180
Student loan debt delinquency rate: 13.72%

Residents with bachelor’s degrees: 23.1%
State median income: $23,936

Alaska

Student loan debt per capita: $3,610
Student loan debt delinquency rate: 10.21%

Residents with bachelor’s degrees: 27.7%
State median income: $33,129

Arizona

Student loan debt per capita: $4,470
Student loan debt delinquency rate: 13.31%

Residents with bachelor’s degrees: 27.1%
State median income: $25,537

Arkansas

Student loan debt per capita: $3,830
Student loan debt delinquency rate: 15.25%

Residents with bachelor’s degrees: 20.6%
State median income: $22,595

California

Student loan debt per capita: $4,010
Student loan debt delinquency rate: 11.36%

Residents with bachelor’s degrees: 31%
State median income: $29,906

Colorado

Student loan debt per capita: $5,300
Student loan debt delinquency rate: 10.21%

Residents with bachelor’s degrees: 37.5%
State median income: $31,674

Connecticut

Student loan debt per capita: $5,060
Student loan debt delinquency rate: 8.29%

Residents with bachelor’s degrees: 37%
State median income: $38,480

Delaware

Student loan debt per capita: $4,880
Student loan debt delinquency rate: 8.6%

Residents with bachelor’s degrees: 29.4%
State median income: $30,191

Florida

Student loan debt per capita: $4,220
Student loan debt delinquency rate: 14.06%

Residents with bachelor’s degrees: 26.8%
State median income: $26,499

Georgia

Student loan debt per capita: $5,870
Student loan debt delinquency rate: 12.96%

Residents with bachelor’s degrees: 28.3%
State median income: $25,427

Hawaii

Student loan debt per capita: $3,150
Student loan debt delinquency rate: 9.59%

Residents with bachelor’s degrees: 30.5%
State median income: $29,552

Idaho

Student loan debt per capita: $4,560
Student loan debt delinquency rate: 11.48%

Residents with bachelor’s degrees: 25.4%
State median income: $23,087

Illinois

Student loan debt per capita: $5,100
Student loan debt delinquency rate: 9.33%

Residents with bachelor’s degrees: 31.9%
State median income: $30,019

Indiana

Student loan debt per capita: $4,700
Student loan debt delinquency rate: 13.07%

Residents with bachelor’s degrees: 23.6%
State median income: $24,953

Iowa

Student loan debt per capita: $4,900
Student loan debt delinquency rate: 11.22%

Residents with bachelor’s degrees: 26.4%
State median income: $27,621

Kansas

Student loan debt per capita: $4,950
Student loan debt delinquency rate: 12.62%

Residents with bachelor’s degrees: 30.7%
State median income: $27,367

Kentucky

Student loan debt per capita: $4,170
Student loan debt delinquency rate: 13.32%

Residents with bachelor’s degrees: 21.8%
State median income: $23,741

Louisiana

Student loan debt per capita: $4,500
Student loan debt delinquency rate: 14.57%

Residents with bachelor’s degrees: 22.1%
State median income: $24,775

Maine

Student loan debt per capita: $4,760
Student loan debt delinquency rate: 11.21%

Residents with bachelor’s degrees: 28.4%
State median income: $27,332

Maryland

Student loan debt per capita: $5,670
Student loan debt delinquency rate: 10.53%

Residents with bachelor’s degrees: 37.3%
State median income: $36,670

Massachusetts

Student loan debt per capita: $5,630
Student loan debt delinquency rate: 8.14%

Residents with bachelor’s degrees: 40%
State median income: $36,441

Michigan

Student loan debt per capita: $4,940
Student loan debt delinquency rate: 11.91%

Residents with bachelor’s degrees: 26.4%
State median income: $26,143

Minnesota

Student loan debt per capita: $5,730
Student loan debt delinquency rate: 8.54%

Residents with bachelor’s degrees: 33.2%
State median income: $31,642

Mississippi

Student loan debt per capita: $4,880
Student loan debt delinquency rate: 16.34%

Residents with bachelor’s degrees: 20.4%
State median income: $20,956

Missouri

Student loan debt per capita: $4,760
Student loan debt delinquency rate: 12.67%

Residents with bachelor’s degrees: 26.7%
State median income: $26,006

Montana

Student loan debt per capita: $4,080
Student loan debt delinquency rate: 11.41%

Residents with bachelor’s degrees: 29.1%
State median income: $25,977

Nebraska

Student loan debt per capita: $4,710
Student loan debt delinquency rate: 8.23%

Residents with bachelor’s degrees: 29%
State median income: $27,339

Nevada

Student loan debt per capita: $3,430
Student loan debt delinquency rate: 13.52%

Residents with bachelor’s degrees: 22.5%
State median income: $26,515

New Hampshire

Student loan debt per capita: $5,260
Student loan debt delinquency rate: 9.39%

Residents with bachelor’s degrees: 34.4%
State median income: $33,821

New Jersey

Student loan debt per capita: $5,200
Student loan debt delinquency rate: 8.95%

Residents with bachelor’s degrees: 36.4%
State median income: $36,359

New Mexico

Student loan debt per capita: $3,620
Student loan debt delinquency rate: 15.43%

Residents with bachelor’s degrees: 26.1%
State median income: $23,948

New York

Student loan debt per capita: $5,330
Student loan debt delinquency rate: 9.16%

Residents with bachelor’s degrees: 33.7%
State median income: $32,829

North Carolina

Student loan debt per capita: $4,280
Student loan debt delinquency rate: 11.8%

Residents with bachelor’s degrees: 27.8%
State median income: $25,608

North Dakota

Student loan debt per capita: $5,040
Student loan debt delinquency rate: 7.99%

Residents with bachelor’s degrees: 27.3%
State median income: $30,894

Ohio

Student loan debt per capita: $5,510
Student loan debt delinquency rate: 12.3%

Residents with bachelor’s degrees: 25.6%
State median income: $26,520

Oklahoma

Student loan debt per capita: $3,940
Student loan debt delinquency rate: 14.8%

Residents with bachelor’s degrees: 23.8%
State median income: $24,695

Oregon

Student loan debt per capita: $4,980
Student loan debt delinquency rate: 12.33%

Residents with bachelor’s degrees: 30.1%
State median income: $27,173

Pennsylvania

Student loan debt per capita: $5,350
Student loan debt delinquency rate: 10.21%

Residents with bachelor’s degrees: 28.1%
State median income: $28,912

Rhode Island

Student loan debt per capita: $4,780
Student loan debt delinquency rate: 10.7%

Residents with bachelor’s degrees: 31.4%
State median income: $30,765

South Carolina

Student loan debt per capita: $4,870
Student loan debt delinquency rate: 11.63%

Residents with bachelor’s degrees: 25.3%
State median income: $24,222

South Dakota

Student loan debt per capita: $4,710
Student loan debt delinquency rate: 8.85%

Residents with bachelor’s degrees: 26.7%
State median income: $26,311

Tennessee

Student loan debt per capita: $4,190
Student loan debt delinquency rate: 13.86%

Residents with bachelor’s degrees: 24.4%
State median income: $24,811

Texas

Student loan debt per capita: $4,180
Student loan debt delinquency rate: 12.74%

Residents with bachelor’s degrees: 27.1%
State median income: $26,513

Utah

Student loan debt per capita: $3,870
Student loan debt delinquency rate: 9.11%

Residents with bachelor’s degrees: 30.6%
State median income: $24,312

Vermont

Student loan debt per capita: $5,130
Student loan debt delinquency rate: 7.89%

Residents with bachelor’s degrees: 35.2%
State median income: $29,535

Virginia

Student loan debt per capita: $4,850
Student loan debt delinquency rate: 10.21%

Residents with bachelor’s degrees: 35.8%
State median income: $33,958

Washington

Student loan debt per capita: $3,860
Student loan debt delinquency rate: 8.62%

Residents with bachelor’s degrees: 32.3%
State median income: $31,233

West Virginia

Student loan debt per capita: $3,800
Student loan debt delinquency rate: 18.36%

Residents with bachelor’s degrees: 18.7%
State median income: $23,237

Wisconsin

Student loan debt per capita: $4,370
Student loan debt delinquency rate: 8.61%

Residents with bachelor’s degrees: 27.4%
State median income: $27,907

Wyoming

Student loan debt per capita: $3,290
Student loan debt delinquency rate: 9.96%

Residents with bachelor’s degrees: 25.1%
State median income: $29,381

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