During the last several years, states have steadily decreased their investment in public colleges and universities. These budget cuts, in conjunction with the Great Recession, coincided with an eruption in federal student loan borrowing at public institutions in all 50 states. The total amount of federal student loans borrowed at public colleges increased by $17.1 billion since 2007. Students, families, and communities have all been affected by the growing problem of student loan debt. With 41 million borrowers in the U.S. carrying $1.3 trillion in student loan debt, nearly 1 in 5 U.S. households is affected. The average debt load for a 2013 bachelor’s degree recipient is approximately $28,400—this includes loans from public and private non-profit colleges. Learn more about your state in the fact sheets below!