TOPEKA, Kan. (WIBW) – Kansas has been named the 19th state with the most student debt.
With average student loan debt reaching $ 37,000 per borrower, WalletHub.com, the personal finance website, released its report on the 2021 States with the Most and the Least Student Debt. To decide which states were most favorable to student loan debtors, the study compared the 50 states and the District of Columbia through data sets like average student debt, the unemployment rate among 25-34 and the share of students with overdue loan balances. .
Kansas ranked 19th in the country for states with the most student debt, according to the study. The Sunflower State ranked 20 for student debt and 30 for scholarships and student work opportunities, which represents its overall score of 53.40.
The study shows that Kansas is also ranked 12th in the country for homeownership between the ages of 25 and 34, showing a high rank of student debt and a high rank of homeownership.
The most indebted states are West Virginia, New Hampshire, Pennsylvania, South Dakota, Mississippi, North Dakota, Delaware, Michigan, Wisconsin and Ohio.
The least indebted states are Utah, District of Columbia, California, Wyoming, New Mexico, Florida, Washington, Alaska, Colorado and Hawaii.
For more information or to see where the other states are located, click HERE.
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