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Recipients are not state-table borrowers and are not interchangeable, including parent PLUS loans."}],"notes":["March 31, 2026 state snapshot, with separately labeled national fiscal-year/quarter history. The source does not supply a historical state series. State borrower locations come from loan servicers. Categories overlap; never add all federal, Direct Loan and income-driven repayment rows. Averages divide rounded source balances by rounded borrower counts and are approximate. National recipients differ from borrowers (notably parent PLUS), so national trends use the original recipient label. Private student loans are outside this source."],"geographyLabel":"State values; county-point averages are only fallback label coordinates","nationalHistory":[{"period":"FY2007 year-end","balance":516000000000.0,"recipients":28300000.0,"directBalance":106800000000.0,"directRecipients":7000000.0},{"period":"FY2008 year-end","balance":577000000000.0,"recipients":29900000.0,"directBalance":122500000000.0,"directRecipients":7700000.0},{"period":"FY2009 year-end","balance":657000000000.0,"recipients":32100000.0,"directBalance":154900000000.0,"directRecipients":9200000.0},{"period":"FY2010 year-end","balance":749800000000.0,"recipients":34300000.0,"directBalance":224500000000.0,"directRecipients":14400000.0},{"period":"FY2011 year-end","balance":848200000000.0,"recipients":36500000.0,"directBalance":350100000000.0,"directRecipients":19400000.0},{"period":"FY2012 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