10 states where student loan debt is a big problem

FAN Editor

Student loan debt in America has been called a crisis.

The loans many students take out to cover their education can impair them from owning houses and saving for retirement later in life.

And many others can’t even make their monthly payments. Some 40 percent of borrowers are expected to default on their loans by 2023.

In some states, the situation is worse than others.

That’s the takeaway from a new project by The Urban Institute, a nonpartisan think tank, which has mapped student loan debt across the country.

Here are 10 states hit hard by student loans.

Share of residents with student loan debt: 21%

Median student loan debt: $24,131

Median student loan debt in collections: $10,154

Share of residents with student loan debt: 20%

Median student loan debt: $18,777

Median student loan debt in collections: $10,861

Share of residents with student loan debt: 20%

Median student loan debt: $18,544

Median student loan debt in collections: $8,359

Share of residents with student loan debt: 20%

Median student loan debt: $17,315

Median student loan debt in collections: $9,492

Share of residents with student loan debt: 20%

Median student loan debt: $16,443

Median student loan debt in collections: $7,746

Share of residents with student loan debt: 20%

Median student loan debt: $15,236

Median student loan debt in collections: $7,778

Share of residents with student loan debt: 19%

Median student loan debt: $18,487

Median student loan debt in collections: $9,787

Share of residents with student loan debt: 19%

Median student loan debt: $18,062

Median student loan debt in collections: $8,526

Share of residents with student loan debt: 19%

Median student loan debt: $17,667

Median student loan debt in collections: $8,802

Share of residents with student loan debt: 19%

Median student loan debt: $16,701

Median student loan debt in collections: $9,281

More from College Game Plan:
College applicants are increasingly stressed over paying the tab
The top 10 private colleges with generous financial aid packages
Want more college aid? Here’s how to get it

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