Â鶹´«Ã½ is 50th overall in the nation when it comes to the highest student debt, according to a study of all 50 states and the District Columbia by the . The study compared 12 key metrics in student debt. Utah edged Â鶹´«Ã½ for 51st place while Pennsylvania followed by Delaware and Mississippi are the states with the highest student debt in the country.
Â鶹´«Ã½ came in 50th with student debt as percentage of income, 49th in proportion of students with debt and 43rd with average student debt.
“One of the reasons Â鶹´«Ã½¡¯s student debt rate is so low is that the 10 campuses of the University of Â鶹´«Ã½ provide superb affordable options for local residents,” said UH President David Lassner. “Our resident tuition is low, we offer need-based financial aid, and our campuses provide a fantastic range of excellent educational opportunities at every level.”
The total outstanding U.S. college-loan balances came in at nearly , at the end of the first quarter of 2023, according to the U.S. Department of Education. That¡¯s an average of $37,000 for each of the 42.9 million borrowers.