In addition, student loan balances listed on credit reports came out to a combined $1.12 trillion. Even worse, nearly 11% of all student loan debt is delinquent.
In light of this fact, personal finance website Wallet Hub recently conducted a study highlighting the best and worst states for student loan debt. Here’s a list of the 10 worst (the states were ranked from 1 to 50, with 1 being the best and 50 being the worst).
A state was labeled as one of the worst for student loan debt if residents had high average student debt, combined with a high unemployment rate and high default status. The study also measured the amount of borrowers who are 50 and older.
Top 10 Worst States for Student Loan Debt
- Alabama
- New York
- Mississippi
- Connecticut
- Ohio
- Oregon
- South Carolina
- Georgia
- Maine
- Rhode Island