Publication Date


Document Type


First Advisor

Zhang, Wei

Degree Name

B.A. (Bachelor of Arts)

Legacy Department

Department of Economics


With the burden of student debt growing, it is important to study how this increasing debt is affecting individuals and look at the impact it has on the nation as a whole. By analyzing statewide data and comparing the different states, we can try to find what states are doing well, and begin to look at how we can improve in states that have an increased amount of student debt. Different regions were found to have varying amounts of debt. A linear regression model was used to test if the average amount of debt per state is affected by per capita income, population size, the percentage of the population that graduated high school, the percentage with a bachelor’s degree, state public enrollment at public universities, state tuition revenue, and state appropriations towards state public higher education. The main results show that per capita income has a major influence on average debt, and education levels may be correlated with the amount of debt.


24 pages




Northern Illinois University

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