Personal finance website WalletHub today released a report on the states with the most and least student debt, ranking South Carolina sixth in the nation for student debt.
To determine the states that are friendliest toward student-loan debtors, WalletHub compared the 50 states and the District of Columbia across 12 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 South Carolina (1=Most; 25=Avg.):
- Overall Rank: 6th
- 11th – Avg. Student Debt
- 12th – Proportion of Students with Debt
- 5th – Student Debt as % of Income (Adjusted for Cost of Living)
- 11th – Unemployment Rate of Population Aged 25 to 34
- 30th – % of Student Loans Past Due or in Default
- 27th – Availability of Student Jobs
- 9th – Availability of Paid Internships
- 19th – Grant Growth
Click here to see the full report.