Written by DML
Below is a very important report which I ask you to please share on your social media accounts.

The people at Wallet Hub sent me this report. I am sharing with you for consideration.

Hi Dennis,

With college students preparing for the fall semester and 10.7 percent of all student loans 90+ days delinquent or in default as of Q1 2018, the personal-finance website WalletHub today released its report on 2018’s States with the Most and Least Student Debt.

To determine the states that are friendliest toward student-loan debtors, WalletHub compared the 50 states and the District of Columbia across 11 key metrics. The data set ranges from average student debt to unemployment rate among the population aged 25 to 34 to share of students with past-due loan balances.

States with the Most Student Debt States with the Least Student Debt
1 South Dakota 42 Nevada
2 West Virginia 43 Maryland
3 Pennsylvania 44 Florida
4 New Hampshire 45 Alaska
5 Ohio 46 Arizona
6 Mississippi 47 Washington
7 Michigan 48 California
8 Minnesota 49 Wyoming
9 Iowa 50 Hawaii
10 Indiana 51 Utah

Best vs. Worst

  • Utah has the lowest average student debt, $19,975, which is 1.8 times lower than in New Hampshire, the state with the highest at $36,367.
  • Utah has the lowest proportion of students with debt, 43 percent, which is 1.8 times lower than in West Virginia, the state with the highest at 77 percent.
  • Massachusetts has the lowest share of student loans in past-due or default status, 7.44 percent, which is 2.3 times lower than in Mississippi, the state with the highest at 16.84 percent.
  • Hawaii has the lowest share of student-loan borrowers aged 50 or older, 3.86 percent, which is 2.6 times lower than in Vermont, the state with the highest at 10.03 percent.

To view the full report and your state or the District’s rank, please visit:


  1. I think part of the student debt problem is that way too many of these kids have zero concept of money in the first place and zero understanding of any kind of responsibility.
    We raised our granddaughter on a limited income so we couldn’t give her the same things that all her friends were being given by their parents and she didn’t understand that no matter how we explained it or showed her. When she was 16 she took the driving courses that she finally got her mother to pay for, she wanted a little truck but we couldn’t pay for it, her mother wouldn’t so she got a job. She had some money already saved as gifts from relatives. She opened a checking and savings account, got a job, and from that day on she paid her own cell phone bill, her own auto insurance, her small truck payment, gas for her truck, and always had money from her paycheck to put in her savings account. She worked from the age of 16 until she left for college 2 years later. She left home for college with over $3,000 saved from a part time job. She learned fast that things are expensive and how to spend her money responably and still have and do the things that she wanted to do.
    Now in her 3rd of college she has less than $8,000 in debt and that is because she took a loan, on her own merit in order to take advantage of a study abroad trip, she has a credit card that is close to being maxed that is part of that $8 grand. She makes monthy payments on both, she pays the rent on the house she shares with other students, she has her own insurance policy both auto and renters. How does she support herself? She worked her ass off to get the scholarships she has and the grants that she gets, she works 2 jobs that equal maybe 25 hours a week and she makes over minimum wage doing them, during this last summer she was part of a paid research program that is part of her major.
    Between us not being able to afford to hand out cash like it was jelly beans and making her take responsibility for what she wanted with chores at home to cover the cost of her phone and phone bill, then later for her to get to the truck she wanted that is what made her understand that money isn’t jelly beans.

    She is paying off her debt and when she leaves college she will be either debt free or have such a small amount of debt to pay off that she would be able to do so quickly once she got a job. She is a penny pincher when it comes to her money.
    I truly believe that much of the debt is because it does cost so much to get an education but at the same time there is much debt owed that has zero to do with the education and the parents didn’t do their kids any favors by handing out money and doing for their kids instead of teaching them to be responsable people.

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