With college students preparing for the fall semester and 10.7 percent of all student loans 90+ days delinquent or in default as of Q1 2018, the personal-finance website WalletHub released its report on 2018’s States with the Most and Least Student Debt.
States with the Most Student Debt
1 South Dakota
2 West Virginia
4 New Hampshire
States with the Least Student Debt
Best vs. Worst
It is critical to take into account expected student loan burdens as part of your college application strategy. In some states, 10% of people over the age of 50 still carry a student loan balance. You do not want this statistic to apply to you or your child. As part of our school list strategy, we identify colleges that may provide full tuition scholarships based on SAT/ACT scores and grades along with more affordable public school options. Play the long game when applying and ensure that your school list is tied to your long-term financial health.