Personal finance website WalletHub today released its study on States with the Most and Least Student Debt and South Carolina ranked as having the 4th most in the country.
To create the rankings, WalletHub compared the 50 states and the District of Columbia across 12 key metrics. The data set ranges from the average student loan balance to the unemployment rate among 25- to 34-year-olds to the share of students with past-due loan balances.
Student Debt in South Carolina (1=Most; 25=Avg.):
- Overall Rank: 4th
- 11th – Avg. Student Debt
- 12th – Proportion of Students with Debt
- 6th – Student Debt as % of Income (Adjusted for Cost of Living)
- 24th – Unemployment Rate of Population Aged 25 to 34
- 4th – % of Student Loans Past Due or in Default
- 28th – Availability of Student Jobs
- 10th – Availability of Paid Internships
- 12th – Grant Growth
To see the full report, click here.