Utah ranked as state with least student debt
School is just around the corner, which means dedicating more time to studying, acquiring new skills and accruing more debt.
Student debt is practically synonymous with going to college, but that adage may not be quite so true for Utah college students.
According to a recent WalletHub study, Utah has the least student debt per student in the entire nation.
According to the data, Utah ranks as having the lowest average student debt, the lowest proportion of students with debt, and one of the lowest percentages of student-loan borrowers older than 50 years old.
Brigham Young University’s comparatively low tuition may be part of the reason behind that, not to mention students completing summer sales programs and saving money for loan repayments.
Hawaii and Wyoming respectively are ranked second and third in the nation for least student debt.
The worst for student debt? One would assume it would be one of the costlier states to live in, like California or New York.
Nope, it’s South Dakota. South Dakota has the highest proportion of students with debt and also one of the highest percentages of borrowers older than 50 years old.
West Virginia comes in second as the worst state for student debt, with work opportunities and the proportion of students with debt being the primary contributors.