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The almost $1.5 trillion in student loan debt in the United States is one of the issues candidates running in the 2020 presidential election are touting, with Democrats backing plans ranging from forgiving all debt to making community colleges tuition-free. A new survey shows how debt is distributed across states and the District of Columbia.
The credit and finance website WalletHub has conducted research to determine which states have people with the most and least student loan debt.
Website - States - District - Columbia - Key
The website compared the 50 states and District of Columbia across 12 key metrics, including average student debt, unemployment among people between the ages of 25 to 34, and the number of students with past-due loan balances.
South Dakota ranks No. 1 as the state with the most student debt loan. Rounding out the Top 10, in order, are Pennsylvania, West Virginia, New Hampshire, Iowa, Minnesota, Mississippi, Ohio, Michigan, and Rhode Island.
States - DC - Debt - Level - Arizona
The states, including D.C., with the lowest debt level, from 42 to 51, are Arizona, Alaska, Nevada, Florida, District of Columbia, Washington, Wyoming, California, Hawaii, and Utah.
“It’s not surprising that student debt has become such a high-profile talking point,” WalletHub reported on its survey. “After all, 10.9 percent of all student-loan debts 90+ days delinquent or in default as of [the first quarter] of 2019.”
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“Save for mortgages, student loans make up the largest component of household debt for Americans,” WalletHub reported. “And our collective debt keeps growing.”
“At the end of the first quarter of 2018, total...
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