Which U.S. State Has the Highest Student Debt?
If you’ve ever wondered if you could save buckets of money by going to college in South Dakota or Alabama, a new interactive online map offers a quick way to find out whether there are any States where most students miraculously graduate from college owing nearly nothing.
This map of the United States, which was created by the nonprofit Project on Student Debt, is a lot of fun to play with. You simply let your cursor hover over a State and the average student debt there instantly appears, along with the percentage of students in the state who graduate owing something.
But we have some bad news for you. After playing around for just a few minutes with the map, it becomes clear that there are no hidden pots of gold out there – states where students graduate owing only a few thousand dollars. If the data on this map is accurate (and there is no reason to suspect that it is not), students who borrow in all States across the land end up owing just about the same amount of money, within a range that runs from about $15,000 to $25,000.
Here are just a few examples . . .
- In Washington State, 59% of all college graduates graduate in debt. They owe an average of $22,101.
- In Alabama, those figures are 56% and $24,821.
- In Hawaii, 38% and $15,550.
- In Kansas, 57% and $22,280.
- In Massachusetts, 63% and $25,541.
Sorry to dash your hopes of finding an educational Shangri-La where you can go to college without owing a fortune. But if you’ve been reading this blog for long, you already know that online learning offers a great cost-saving alternative to traditional brick-and-mortar colleges. After all, the best way to owe less money is not to borrow it in the first place.
Actual College Grads Owe $70,600, $23,000, $104,104. How You Can Do Better
Freshman Year at College for $1000 or Less?
New Study Finds that StraighterLine Undercuts the Cost of Community College and Other Learning Options
America’s Student Debt is Increasing at the Rate of $2,853.88 per Second
Occupy Wall Street Movement Airs Frustration with American Higher Education
The New York Times Cites StraighterLine as a College Cost Innovator