Tuesday, August 4, 2015

Georgia 5th Worst State for Student Debt

With 11.1 percent of all student loans in delinquency or default and student loans continuing to be the largest non-housing debt for Americans, the personal finance website WalletHub conducted an in-depth analysis of 2015’s Best and Worst States for Student Debt.

In order to find which states produce the highest levels of student debt relative to the strength of their economies and residents’ income levels, WalletHub compared the 50 states and the District of Columbia across seven key metrics. Our data set ranges from the average student debt to the unemployment rate for people aged 25 to 34 to the percentage of students with past-due loan balances.  

Student Debt in Georgia (1=Best; 25=Avg.) 
26th – Proportion of Students with Debt
42nd – Student Debt as a Percentage of Income Adjusted by Cost of Living
49th – Unemployment Rate for People Aged 25 to 34
39th – % of Student-Loan Borrowers in Past-Due or Default Status
36th – % of Student Loans in Past-Due or Default Status
25th – % of Student-Loan Borrowers Aged 50+

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