Great visualization of the average student loan debt carried by students coming out of college across the country. Amazing that most states’ averages are more than $15,000 per student.
It’s tough to bash people for not saving enough when going to school automatically puts you in the hole as you enter the workforce.
It will be interesting to see how the secondary education bubble deflates over the next few years as students can’t turn to parents’ home equity loans and 401k’s etc. to fund overpriced college tuition.
Brazen Careerist reports on student loans and their statistics.
"I find it a little surprising that Iowa has the highest student debt average at $26,208. I would have expected a state with a higher cost of living, like New York, to top the list. I’m guessing it has something to do with the state of Iowa not having enough funds to provide sufficient financial aid to students at community colleges and public universities.
"On the other hand, it comes as no surprise that Utah has the lowest student debt average at $13,266. In case you didn’t know, Utah is filled Mormons, and guess what? Mormons don’t drink. Just think of all the money they save by not buying booze every weekend (which, in college, also includes Thursdays and occasionally, all of the other weekdays too). Just kidding."
Blown Mortgage materials have been used in this story.
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
