WalletHub Study: Rhode Island ranked 10th in ‘Student Debt by State’

With several candidates for the 2020 presidential election proposing the cancellation or refinancing of America’s massive student debt load, the personal-finance website WalletHub today released its report on 2019’s States with the Most and Least Student Deb.

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.   

While Rhode Island was Ranked 10th, South Dakota was ranked 1st (most student debt) and Utah was ranked 51st (least student debt).

Student Debt in Rhode Island (1=Most; 25=Avg.) 

  • 3rd – Avg. Student Debt
  • 6th – Proportion of Students with Debt
  • 25th – Student Debt as % of Income (Adjusted for Cost of Living)
  • 27th – Unemployment Rate of Population Aged 25 to 34
  • 29th – % of Student Loans Past Due or in Default
  • 19th – % of Student-Loan Borrowers Aged 50+
Source: WalletHub
Source: WalletHub
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For the full report, visit:
https://wallethub.com/edu/best-and-worst-states-for-student-debt/7520/

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