The 10 States Where Graduates Have the Worst Student Debts

Worst States for Student DebtThe amount of student loan debt in America will exceed $1 trillion this year, and is already greater than the total for credit card debt for the first time ever. On Wednesday, President Obama announced that he was capping the maximum required payment on student loans at 10% of a borrower's income, down from the current 15%, and making it easier for millions of former students to consolidate their loans at lower interest rates.

College graduates badly need the help -- in some places far more than others. While students in some states rack up seemingly manageable student loan debts (Utah, for example, with an average of $12,860), in others, such as New Hampshire, they graduate owing closer to $30,000.

The 10 states with the worst levels of student debt have a number of things in common. Largely in the Northeast, they have relatively high median incomes, and expensive schools. Many also have highly educated populations, ranking in the top half of states for percentages of adults with bachelor's degrees.

Data for this analysis was drawn from an October 2010 report published by the Project on Student Debt, an initiative of the Institute for College Access & Success, and from Census Bureau and Department of Education reports.

These are the 10 states where students have the most debt.



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vlady1000

Parents need to start palnning much earlier for their kids education and put it as one of the priorities. Just a few $$/week X 18 years adds up to alot. Give EEE bonds for x-mas/brithdays, etc instead of buying junk. I own many student rentals. I see some kids working as much as they can, sell blood, etc to try and get by because their parents "can not afford it", yet they pull up in a brand new $40K truck. I just shake my head and really feel sorry for the kid.

October 30 2011 at 9:06 PM Report abuse rate up rate down Reply
groininjurybad

Illegals have it made if they can get to America. Come over with an Anchor baby and receive free health care housing and education. It's the best college scholarship going. Great country America.

October 29 2011 at 9:13 PM Report abuse +4 rate up rate down Reply
alycemd

If this helps anyone, I got most of my pre-reqs at a Community College, all of which transferred to the State College. It saved a lot of money. There was also more flexibility with scheduling -- more night classes for kids working during the day. It worked for me, it might for others.

October 29 2011 at 4:17 PM Report abuse +2 rate up rate down Reply
Scottilla

I'm sorry. I can't agee that living in a state where most people go to college, going to college and getting a good education constitutes a "worst state", even if you do graduate with debt. Keeping the massews uneducated, sending them to underfunded, underperforming (compared to the rest of the world) public schools, is the way to run a productive democracy that leads the world in innovation and living standards. Should universities be free for the students? Of course, as the City University was until the mid 70's, and the population of New York was upwardly mobile at a record pace. Now, only the children of those who can afford to pay or borrow the tuition to go to a good accredited college will be in any position to take their place in a rapidly progressing world.

October 29 2011 at 3:02 PM Report abuse -1 rate up rate down Reply
horncymru

It is too bad they don't also add the majors in those colleges by student loans. I bet there are lots of worthless majors; English, Poly Sci, African-American studies, etc etc etc. We produce so many worthless degrees and then wonder why there are no jobs (outside of some gov jobs) for those folks. Insanity

October 29 2011 at 2:44 PM Report abuse rate up rate down Reply
1 reply to horncymru's comment
poll100

Teaching degrees are outdated also, so many unemployed teachers which will be less and less needed being replaced by computers.

October 29 2011 at 4:06 PM Report abuse rate up rate down Reply
Bob

The OWS call Corporations & Banks greedy, well they (OWS) just as greedy? They want the education but they want someone else to pay for it, whether it's the Corporations, Banks, or the US taxpayers, anyone but themselve. They ran up the loan therefore they should pay for it.

October 29 2011 at 12:33 PM Report abuse +5 rate up rate down Reply
1 reply to Bob's comment
chefgavinb

We all wonder how you feel about:
Solyndra - forced to give the loan with pressure from Obama when it was known they were not able to perform. Head members linked to politicians. Most recent, they are asking for more money which will be for raises and bonuses.
Car company Bail outs - Most of which never have and never will be paid back. After everything was said and done, millions still lost jobs.
Obummer family vacations - laughing in your face while your family loses their house and is put on the street, most Americans houses don't even equal 1/16th of what O'you-bastard spent on christmas vacation (vacation = $4mil, average American home = $200k) guess who pays for that fancy vacation.

I don't mind assisting a fellow American with their education, but to pay for vacations and manure is a disgrace. Bob if you don't mind covering the costs of these couple government follies that total billions if not trillions, than please enjoy paying for my education which is less than $100k and keep your mouth shut. If you don't speak out against the real problem, don't try to make the claim that it is the American student bringing you down.

There are so many problems, its a joke.

Being that America bailed these companies out, doesn't that make us the de facto owners of said companies? I know I can use a solar panel and an electric car or even residuals. Send it over. Thanks Obama

Apparently Bob knows OWS better than the average Joe. I thought people against OWS said there were no demands. Bob says we want free education. I guess that's a good start. Thanks Bob.

Many other countries provide a free education to their people, the best part is, it is a better education than the one we pay for. Oh and free health care. Don't try and make it seem like we do things the right and only way. ::::crying inside for America:::::


Oh and riddle me this Bob. Why come (o_O) someone who takes out a credit card and spends money on dinners, vacations, tvs, and crap can file bankruptcy and never have to pay back a dime. Someone who gets a loan for an education to better themselves, their community and their country can file bankruptcy and still have to pay back the money? If you can honestly answer this and think you are right, please share that answer with America, and if not please do not involve yourself in others situations.

Back by popular demand
-Broke

February 24 2012 at 3:07 PM Report abuse rate up rate down Reply
markcartermc

Just like the idiots in Washington. Spend alot of money they don't have and then expect someone else to pay for it.

October 29 2011 at 11:40 AM Report abuse +6 rate up rate down Reply
lovedish

Cut to the chase; the cost is for salaries for professors and et al....How can a prof justify a salary of over $125,000 when he only has one or two classes? Usually, it's the graduate students that take the class while the prof reaps the gravy. A solution would be to cut salaries of professors, unless they have a full schedule and are teaching the students; I don't mean one or two classes, rather more than six.

October 29 2011 at 11:23 AM Report abuse +6 rate up rate down Reply
gbrond23

And this is a surprise? What does this say for college graduates? I was too stupid to ever see what my education was going to cost? They should add a tax to those that are surprised by the amount of their student loans, and want somebody else to pay for it.. Call it a "stupid tax", if you will, and all monies collected will go to paying off unpaid student loans. It just may well be the best education they never got!
As for the educational system "REALLY"? How the hell do you justify double digit raises to tuition every year? Is it about the time worn lie that teachers are underpaid for their qualifications? This may have flown a hundred years ago, when the only people with degrees were Doctors, Lawyers, and Teachers, but today most decent jobs require a degree, so it's not an exclusive club anymore. Now you con-artist educators have the by-product of your system out in tents protesting Wall Street, when in reality they should be on your doorstep!

October 29 2011 at 10:44 AM Report abuse +8 rate up rate down Reply
1 reply to gbrond23's comment
hhirock

I agree with you BUT these educators have set it up so they can never be fired and have no accontability for their lousy job performance.

October 29 2011 at 10:52 AM Report abuse +1 rate up rate down Reply
Iselin007

OWS is the splinter in the Wall Street Bull's heel so time to roll over an be Hamburger! Want fires with that Honcho?

October 29 2011 at 10:37 AM Report abuse -1 rate up rate down Reply