Student debt is high, especially in Iowa
money
October 8, 2015
The Institute for College Access & Success (TICAS) released a report that looked at the debt incurred by 2013 college graduates. The report had the state of Iowa ranking in at ninth in a list of the states with the highest average debt.
The ten states with the highest average student debt in the nation were:
| 10 | South Carolina ($29,092) |
| 9 | Iowa ($29,370) |
| 8 | Michigan ($29,583) |
| 7 | Maine ($29,934) |
| 6 | Connecticut ($30,191) |
| 5 | Minnesota ($30,894) |
| 4 | Rhode Island ($31,561) |
| 3 | Pennsylvania ($32,528) |
| 2 | Delaware ($32,571) |
| 1 | New Hampshire ($32,795) |
The ten states with the nation’s lowest average debt were:
| 10 | Louisiana ($23,358) |
| 9 | Wyoming ($22,879) |
| 8 | Hawaii ($22,785) |
| 7 | Utah ($22,418) |
| 6 | Arizona ($22,253) |
| 5 | Oklahoma ($22,174) |
| 4 | District of Columbia ($22,048) |
| 3 | Nevada ($21,666) |
| 2 | California ($20,340) |
| 1 | New Mexico ($18,656) |
Roberta Johnson, director of the Office of Student Financial Aid, said that early financial planning is one of the keys to reducing student debt. Putting money away early in a child’s life can benefit in the long run she said.
