States with the highest and lowest student loan debt
Photo: Depositphotos Graduation hat with diploma and money
While the debt does not reach the risks that struck the 9 financial system years ago, there are still some signs of potential problems, in particular, high student loan indebtedness and arrears.
Company Credit Sesame, which provides free credit scores and credit responses, recently used its database to analyze a million of its reports to determine the best and worst states for student loan debt.
Five states with high student loan debt:
- Washington, DC - $47.
- Maryland - $40.
- Georgia - $39.
- South Carolina - $36.
- Virginia - $36.
Five states with the lowest student loan debt:
- Wyoming - $28.
- Utah - $29.
- Rhode Island - $29.
- Montana - $29.
- Idaho - $29.
Tools to help you deal with student loan debts:
If you are interested in what you owe at this moment, you can request a free credit report through Credit Sesame.
You can try to refinance the loan through the platform, for example Credible... By refinancing your student loans, you can catch a lower interest rate that can help you save thousands of dollars over time. You can increase your income by placing money on a deposit in a separate account do-not-touch-except-for-student-loans.
Another (easier) option is to use an app like Qoins... It rounds up all of your purchases and dumps the difference of approximately $ 5 into an account to pay off your student loans each month. Pennies add up quickly! The service costs $ 1,99 per month, but the first month is free.
You also have the option to apply for a loan deferral. This can only be used if you really need it. Read the rest of our Boards on how to finish college without debt before moving on to this option.
Read also on ForumDaily:
Which US cities help pay education loans
4 ways to get financial aid in college
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