The total federal student loan portfolio in the United States now exceeds $1.72 trillion, with 42.3 million borrowers as of June 30, according to the Department of Education. Borrowers in Maryland owe an average of $45,589, which is over $4,000 more than the national average. Texas has the highest number of borrowers, while California has the highest total balance. The national average federal student loan balance is estimated at $40,768.
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