College ROI vs. College Debt: How Does Your State Rank? Part 2
Let’s see where your state ranks in terms of average student debt2 for a student from that state and expected ROI3 for an in-state school:
Alabama:
Average Debt: $24,821
30-Year Net ROI Paying In-State Tuition at Auburn University: $546,900
Alaska
Average Debt: $22,717
30-Year Net ROI Paying In-State Tuition at University of Alaska-Anchorage: $138,600
Arizona
Average Debt: $18,454
30-Year Net ROI Paying In-State Tuition at University of Arizona: $447,500
Arkansas
Average Debt: $21,408
30-Year Net ROI Paying In-State Tuition at University of Arkansas: $416,000
California
Average Debt: $18,113
30-Year Net ROI Paying In-State Tuition at University of California-Berkeley: $1,089,000
Colorado
Average Debt: $22,017
30-Year Net ROI Paying In-State Tuition at University of Colorado: $583,000
Connecticut
Average Debt: $25,360
30-Year Net ROI Paying In-State Tuition at Eastern Connecticut State University: $312,100
Delaware
Average Debt: $21,500
30-Year Net ROI Paying In-State Tuition at University of Delaware: $594,000
Florida
Average Debt: $21,184
30-Year Net ROI Paying In-State Tuition at University of Florida: $687,600
Georgia
Average Debt: $18,888
30-Year Net ROI Paying In-State Tuition at University of Georgia: $549,700
Hawaii
Average Debt: $15,500
30-Year Net ROI Paying In-State Tuition at University of Hawaii at Manoa: $229,100
Idaho
Average Debt: $24,178
30-Year Net ROI Paying In-State Tuition at University of Idaho: $400,500
Illinois
Average Debt: $23,885
30-Year Net ROI Paying In-State Tuition at Univ. Illinois Urbana-Champaign: $964,800
Indiana
Average Debt: $27,001
30-Year Net ROI Paying In-State Tuition at Purdue: $688,200
Iowa
Average Debt: $29,598
30-Year Net ROI Paying In-State Tuition at Iowa State University: $577,600
Kansa
Average Debt: $22,280
30-Year Net ROI Paying In-State Tuition at University of Kansas: $421,700
Kentucky
Average Debt: $19,375
30-Year Net ROI Paying In-State Tuition at University of Kentucky: $375,800
Louisiana
Average Debt: $24,548
30-Year Net ROI Paying In-State Tuition at Louisiana State University: $452,500
Maine
Average Debt: $29,983
30-Year Net ROI Paying In-State Tuition at University of Maine-Orono: $315,100
Maryland
Average Debt: $21,750
30-Year Net ROI Paying In-State Tuition at University of Maryland: $818,500
Massachusetts
Average Debt: $25,541
30-Year Net ROI Paying In-State Tuition at University of Massachusetts-Lowell: $578,500
Michigan
Average Debt: $25,675
30-Year Net ROI Paying In-State Tuition at University of Michigan: $950,100
Minnesota
Average Debt: $29,058
30-Year Net ROI Paying In-State Tuition at University of Minnesota: $551,200
Mississippi
Average Debt: $22,142
30-Year Net ROI Paying In-State Tuition at Mississippi State University: $419,000
Missouri
Average Debt: $22,601
30-Year Net ROI Paying In-State Tuition at University of Missouri-Columbia: $447,300
Montana
Average Debt: $22,768
30-Year Net ROI Paying In-State Tuition at University of Montana: $179,000
Nebraska
Average Debt: $21,227
30-Year Net ROI Paying In-State Tuition at University of Nebraska-Lincoln: $374,600
Nevada
Average Debt: $16,622
30-Year Net ROI Paying In-State Tuition at University of Nevada-Reno: $303,200
New Hampshire
Average Debt: $31,048
30-Year Net ROI Paying In-State Tuition at University of New Hampshire: $479,300
New Jersey
Average Debt: $23,792
30-Year Net ROI Paying In-State Tuition at Rutgers University: $725,800
New Mexico
Average Debt: $16,399
30-Year Net ROI Paying In-State Tuition at New Mexico State University: $294,400
New York
Average Debt: $26,271
30-Year Net ROI Paying In-State Tuition at Binghamton University: $712,300
North Carolina
Average Debt: $20,959
30-Year Net ROI Paying In-State Tuition at North Carolina State University: $617,400
North Dakota
Average Debt: N/A
30-Year Net ROI Paying In-State Tuition at North Dakota State University: $407,200
Ohio
Average Debt: $27,713
30-Year Net ROI Paying In-State Tuition at Ohio State University: $523,500
Oklahoma
Average Debt: $20,708
30-Year Net ROI Paying In-State Tuition at University of Oklahoma: $481,900
Oregon
Average Debt: $23,967
30-Year Net ROI Paying In-State Tuition at Oregon State University: $515,300
Pennsylvania
Average Debt: $28,599
30-Year Net ROI Paying In-State Tuition at Pennsylvania State University: $688,500
Rhode Island
Average Debt: $26,340
30-Year Net ROI Paying In-State Tuition at University of Rhode Island: $501,900
South Carolina
Average Debt: $23,623
30-Year Net ROI Paying In-State Tuition at Clemson University: $679,400
South Dakota
Average Debt: $23,171
30-Year Net ROI Paying In-State Tuition at South Dakota State University: $266,100
Tennessee
Average Debt: $19,957
30-Year Net ROI Paying In-State Tuition at Tennessee Technological University: $388,000
Texas
Average Debt: $20,919
30-Year Net ROI Paying In-State Tuition at Texas A&M University: $842,600
Utah
Average Debt: $15,509
30-Year Net ROI Paying In-State Tuition at University of Utah: $465,700
Vermont
Average Debt: $28,391
30-Year Net ROI Paying In-State Tuition at University of Vermont: $503,100
Virginia
Average Debt: $23,327
30-Year Net ROI Paying In-State Tuition at University of Virginia: $1,089,000
Washington
Average Debt: $22,101
30-Year Net ROI Paying In-State Tuition at Washington State University: $549,600
West Virginia
Average Debt: $23,678
30-Year Net ROI Paying In-State Tuition at West Virginia University: $449,500
Wisconsin
Average Debt: $24,627
30-Year Net ROI Paying In-State Tuition at University of Wisconsin-Madison: $705,500
Wyoming
Average Debt: $20,571
30-Year Net ROI Paying In-State Tuition at University of Wyoming: $339,000
2,/sup> Project on Student Debt, Percentage of Graduates and Debt and Average Debt of those with Loans, by State, 2011, p1.
http://projectonstudentdebt.org/state_by_state-sum2011.php
3 PayScale, Make Sure Your College Tuition Pays You Back, 2011.
http://www.payscale.com/education/average-cost-for-college-ROI