Study: Mississippi worst state for student debt
MISSISSIPPI (WDAM) - According to a new study from WalletHub.com, Mississippi is the worst state for student loan 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.
The data set ranges from average student debt to the unemployment rate for people ages 25 to 34 to the percentage of students with past-due loan balanced.
Here is how Mississippi ranked:
Student Debt in Mississippi (1=Best; 25=Avg.)
- 32nd – Average Student Debt
- 16th – Proportion of Students with Debt
- 46th – Student Debt as a Percentage of Income Adjusted by Cost of Living
- 51st – Unemployment Rate for People Aged 25 to 34
- 51st – % of Student-Loan Borrowers in Past-Due or Default Status
- 49th – % of Student Loans in Past-Due or Default Status
To see the full study, click here.
Click through the interactive above to see where other states ranked.