Wisconsin ranked among top 10 states for low student debt

Wisconsin has been named as the sixth best state in the U.S. for low student debt, according to a new data study documented by consumer finance startup Pheabs.com.

The report analyzed federal data and divided the total balance borrowed in the area against the number of borrowers to determine the average student debt per borrower.

The average student debt per borrower in Wisconsin totaled $30,964.61. According to a Department of Education analysis, the typical American undergraduate student with loans now graduates with nearly $25,000 in debt.