BUSINESS

D.C. Residents Have Highest Student Loan Debt, Study Says

02/12/2013 01:25 pm ET | Updated Feb 12, 2013

Live in D.C.? Is your student loan debt so high it feels like the world is resting on your shoulders?

Well, you're not alone.

According to a report by credit monitoring company Credit Karma Inc., D.C. residents have the highest student loan debt in the country by far.

The average balance for a D.C. resident is a staggering $47,390. That figure places well above the $29,339 national average.

If you're living just a hop and skip over the border in Maryland, you too may be feeling the pain -- just not as much. Maryland residents boast the second highest average student loan debt at $33,727.

These figures may not come as a big surprise to everyone in the District. A recent study by Central Connecticut State University named D.C. as the most literate city in the nation. More than 28 percent of D.C. residents 25 or older hold a postgraduate or professional degree and over 50 percent have at least a bachelor's degree.

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