Skip to main content

The Best (and Worst) States For Student Loan Debt

You have student loan debt, because the average university education is onerously expensive these days.

But you'll make up for it by landing a great job in a great state after graduation! We've all been there. Maybe we're still there decades later, just kicking back with our student loans and wondering when they'll go away. Maybe we need to move far away?

Wonder no more, because personal finance website WalletHub is here with its ranking of the best and worst states for student loan debt!

The "WalletGurus" at WalletHub wanted to learn which U.S. states have the highest levels of student debt compared to their residents' income levels and the overall muscle of the state economy. WalletHub relied on seven key metrics to look at all 50 states and the District of Columbia. These metrics included the level of average student debt; the percentage of students with past-due loan balances; and the state's unemployment rate for 20 and young 30-somethings.

So, what did WalletHub find?

It ranks Utah, Wyoming and North Dakota as the top-three best states for residents with student loan debt, while Mississippi (#51), Rhode Island (#50) and Connecticut (#49) rank at the bottom of WalletHub's list.

California ranks 37th, while New York ranks 45th. If you can make it there, then you can make it anywhere -- if you're free of student loan debt, that is. Don't start spreading the news. Still a fantastic song, though.

Here's a blue graph that sums up our nationwide student loan woes:

Source: WalletHub

You can get the full report right here. Wow, two years of community college is looking like a much better deal all the time, isn't it?


Popular posts from this blog

Seven tips for dealing with a jealous coworker

Look at you, doing so well at work! We're so happy for you. Well, most of us are happy for you and refuse to spend the entire work day talking behind your back. Let's talk about how to handle our jealous co-workers!Like every other professional, you've no doubt experienced your share of failures and successes. Lately, however, things seem to be going your way at work. And how! Perhaps you've managed to ace an important project this quarter, been instrumental in landing a huge client, earned some well-deserved rewards for this and that, or -- egads! -- been given a slight promotion or additional work responsibilities (e.g., the work responsibilities you actually want).You're quietly chuffed, but somehow your co-workers seem none too pleased with this rapid turn of events. Oh no, what should you do now?It's a workplace tale older than the disjointed last season of Mad Men. The playing field in the department was even, cozy and overall very friendly -- until so-an…

Employees Blame Technology For Slowing Them Down At Work

Do you feel like you're always working, but never getting very much done? If so, you're not alone. Too much technology, and too much red tape, keep slowing us down at work. But technology, and more of it, is supposed to make our lives easier! Too much technology, however, does not compute for employees. A new SAP/Knowledge@Wharton survey of almost 700 corporate employees finds a full 60% of respondents blame technology "for inhibiting their ability to meet strategic goals." Gee, anyone who has ever used the self-checkout line at the grocery store can tell you that. However, 40% surveyed said that looking for ways to simplify the technology has been "a low priority" for their company. Too much paperwork is an on-going problem for the workplace, too. A new ServiceNow survey of nearly 1,000 managers finds that 90% are doing too much administrative work, no matter the size of the company. This paperwork includes filling out forms, writing status updates, …

Is Your Co-worker Always Late For Work?

You've started the workday, but where is your co-worker? Oh, she's running late again, just like yesterday. And the day before. And the day before that. Let's get an early start on solving her tardiness problem, shall we? Working with someone who is consistently late is one of the most annoying aspects of office life, and also one of the most common, unfortunately. It's a universal theme of the workplace that everyone will get to work on time (give or take a few minutes...) except for the employee who is egregiously late nearly every day. And the excuses can get pretty amazing. Employees became more punctual as the Great Recession lingered, at least according to surveys. Everyone, that is, except for your able-bodied but habitually-tardy co-worker. It's bad enough dealing with tardiness when you're a manager, but it can be even more frustrating when you're a rank-and-file peer without any magical "shape up or ship out" managerial powers. So you…