Student Debt in USA – Top 10 States Containing Grads with Student Debt
Posted on | October 11, 2012
Student Debt in America
Nearly 70% of graduates from 4-year colleges are in debt with student loans. Close to 8 million students fail to file a Free Application for Federal Student Aid [FAFSA] every year.
Top 10 States Containing Grads with Student Debt
- South Dakota 81%
- North Dakota 80%
- Iowa 74%
- New Hampshire 73%
- Pennsylvania 71%
- West Virginia 71%
- Idaho 68%
- Maine 68%
- Ohio 68%
- Oregon 68%
In the span of one academic year 2004-2005, student increased their private loan debt by 30%
Ethnic Breakdown of Student Debt
Asian
- 51% that borrow < $30,500
- 9% that borrow >or= $30,500
- 40% without debt
Black
- 54% that borrow < $30,500
- 27% that borrow >or= $30,500
- 19% without debt
Hispanic
- 53% that borrow < $30,500
- 14% that borrow >or= $30,500
- 33% without debt
White
- 48% that borrow < $30,500
- 16% that borrow >or= $30,500
- 36% without debt
As of August 2010, the total student loan debt outstanding was estimated at approximately $849,000,000,000.
Source: onlineschools
Category: Fact of The Students.
Tags: Ethnic Breakdown of Student Debt > Student Debt in U.S. > Student Debt in USA > Student Debt Infographic
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Tags: Ethnic Breakdown of Student Debt > Student Debt in U.S. > Student Debt in USA > Student Debt Infographic