New York Ranked Ninth Worst State For Student Loan Debt

PUTNAM COUNTY, N.Y. -- Residents of New York state are among the worst in the nation when it comes to student loan debt, according to a recent survey by WalletHub.

New York was ranked among the worst in the country for student debt problems.
Photo Credit: *WalletHub*

Joe Jenkins

10/14/2014 3:30 p.m.

New York ranked 43rd overall, or ninth worst when it came to debt problems associated with post-high school education.

WalletHub ranked all 50 states and Washington, D.C. across seven metrics:

Average student debt
Proportion of students with debt
Student debt as a percentage of income
Unemployment rate for people ages 25 to 34
Percentage of student loans in past-due or default status
Percentage of student loan borrowers in past-due or default status
Percentage of student loan borrowers ages 50+

The Empire State struggled in several categories, most notably in student debt as a percentage of income where it ranked 50th out of 51.

New York only finished in the top half in four categories: percentage of student loans in default or past-due status (17th), unemployment rate (22nd), average student debt (23rd) and proportion of students with debt (50th).

Only Mississippi, Connecticut, Ohio, Oregon, South Carolina, Georgia, Maine and Rhode Island finished below New York.

Utah was ranked as the top overall state.

Click here to read the full report.

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