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WalletHub Study: California Is 2022’s 3rd State with the Least Student Debt

With the average student loan debt reaching around $37,000 per borrower, the personal-finance website WalletHub today released its report on 2022’s States with the Most and Least Student Debt, as well as accompanying videos and expert commentary.

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.

Student Debt in California (1=Most; 25=Avg.):

  • 49th – Avg. Student Debt
  • 46th – Proportion of Students with Debt
  • 48th – Student Debt as % of Income (Adjusted for Cost of Living)
  • 35th – % of Student Loans Past Due or in Default

For the full report, please visit: https://wallethub.com/edu/best-and-worst-states-for-student-debt/7520

This article was released by WalletHub.