Personal Finance

Countries with the highest and lowest student debt

Countries with the highest and lowest student debt

How big is the student debt problem? Some say the impact of student loan debt on the economy is similar to that of a recession, reducing business growth and reducing consumer spending.

Others argue that the benefits of a college education outweigh the burdens of loans. The average bachelor’s degree holder earns up to $33,000 more annually than a high school diploma holder, according to the Education Data Initiative.

At the end of the first quarter of 2022, outstanding college loan balances totaled nearly $1.61 trillion, according to the Department of Education.

Now, as many as 43 million borrowers have been granted some student debt relief, totaling between $360 billion and $427 billion, according to a range of estimates.

It is cheaper to attend college in some states than others, and this certainly affects the debts that students take on.

For in-state residents, California tuition and fees are cheaper, at $3,161 for the 2021-22 school year. For out-of-state residents, Mississippi is the cheapest, at $7,862, according to the National Center for Education Statistics. Vermont is the most expensive in all areas for in-state, out-of-state, and private schools.

The Institute for Access to Colleges and Statistics found that the states with the largest average loan debt per student after graduation were New Hampshire ($39,928), Delaware ($39,705), Pennsylvania ($39,375), New Hampshire and Pennsylvania among the most expensive states in State lecture.

To find the states with the most and least student debt, personal finance site WalletHub compared all 50 states and the District of Columbia based on 11 key measures of indebtedness and earning opportunity. The data set ranges from average student debt to unemployment rate among the 25-34-year-old population to student participation with delinquent loan balances.

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countries with the above Rate Among the student debts are South Dakota, New Hampshire, West Virginia, and North Dakota. countries with lowest percentage These are Utah, Hawaii, and New Mexico.

It remains to be seen which countries will benefit most from the latest tolerance scheme.

Here are all 50 states and DC, ranked by most lowest student debt.

6 Pennsylvania State University Pennsylvania State University Sh
Sdakota Rushmore Sh
Hampshire Portsmouth
5 Mississippi Jackson Sh
15 Delaware
Kentucky Louisville Sh
Providence Road St
14 Columbia Sc Sh
Bismarck Ndakota Sh
New Jersey Princeton Jay Yuan: Shutterstock
New Haven Con Yale Sh
28 Columbus Ohio aceshot1: shutterstock
24 Madison Wisconsin Sh
14 Minneapolis Sh
15 Iowa City Iowa - Iowa State University sh
21 Michigan State University
40 min u
90 Wichita KS Sh
7 University of Alabama Tuscaloosa Rob Heiner: Shutterstock
Bloomington Indiana U Ken Walter: Shutterstock
30 Okla still waters Ken Walter: Shutterstock
3 University of Georgia
3 U Missouri Columbia Sh
26 Baton Rouge Louisiana Sh
17 Greensboro NC
TN Chattanooga Sh
College Station, Texas A&M univ sh
12 Arkansas
Champaign-Urbana Illinois Lee Trail: Shutterstock
23 Lincoln Nebraska Ken Walter: Shutterstock
11 Montpellier Vermont St
4 University of Virginia Charlottesville Virginia Sh
28 Boston
35 Maryland Annapolis Sh
Ithaca ni Cornell Sh
24 Boise Idaho Sh
50 Honolulu Hawaii Sh
21 Billings Montana Sh
4 Eugene Oregon Univ Sh
28 Tempi Ares Aso Sh
nevada wraps vegas sh
Fairbanks University of Alaska
26 uc Boulder Colorado sh
23 Laramie wyoming UW s
Tallahassee, Florida State University St
Albuquerque 10 nm sh
8 bike wash seattle u
12 uc Berkeley Cliff u
1 Washington, D.C. Georgetown U
20 St. George, Utah Sh

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