ST. PAUL  — A new report said Minnesota college and university graduates have more debt on average than students in all but four other states.

The Project on Student Debt analysis reports 2014 Minnesota graduates have about $32,000 in student debt.

Minnesota’s higher education commissioner Larry Pogemiller said the debt load has actually leveled off in the last several years. He said Minnesota is below average on loan default rates.

According to a press release, the data was collected from 22 colleges and universities in Minnesota.