Tuesday, August 31, 2021

2021's States with the Most and Least Student Debt - Adam McCann, Wallet Hub

Student debt is a huge problem in America. Save for mortgages, student loans make up the largest component of household debt for Americans. Our collective debt keeps growing, too. At the end of the second quarter of 2021, total outstanding college-loan balances stood at $1.59 trillion, according to the Department of Education. That comes out to an average of $37,000 for each of the 42.9 million borrowers. But not all states are equal when it comes to the burden of student loans. With student-loan debtors in mind, WalletHub compared the 50 states and the District of Columbia based on 11 key measures of indebtedness and earning opportunities. 

https://wallethub.com/edu/e/best-and-worst-states-for-student-debt/7520