D.C. residents have highest student loan debts

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D.C. residents have the highest student debt in the country, according to a new study by the Federal Reserve Bank of New York, but the data also show D.C. residents paying off their loans quicker than the rest of the nation.

People in the District have on average of about $41,000 in student loan debt, while those in Maryland and Virginia have slightly less — about $28,000 and $26,000, respectively. U.S. residents owe about $24,000 on average in student debt.

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