Pupil Loan Debt by Metro Region

Pupil Loan Debt by Metro Region

Unsurprisingly, most of the U.S. Metro areas with high quantities of education loan financial obligation are home to at least one or maybe more universities. In 2019, the Durham, new york, metro area had the best student that is average financial obligation of $47,955. Corvallis, Oregon, arrived in 2nd with $46,164, while Ann Arbor, Michigan, trailed closely behind with $45,668. Santa Cruz-Watsonville, California, rated 4th with $45,396, and Gainesville, Florida, rounded out of the top five with $44,508 in typical education loan financial obligation.

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Average Student Loan Debt by Metro region
Rank Metro region 2018 2019 per cent Change
1 Durham, NC $43,614 $47,955 10.0percent
2 Corvalis, OR $42,976 $46,164 7.4per cent
3 Ann Arbor, MI $43,182 $45,668 5.8per cent
4 Santa Cruz-Watsonville, CA $43,599 $45,396 4.1%
5 Gainesville, FL $40,221 $44,508 10.7%
6 Santa Barbara-Santa Maria-Goleta, CA $40,424 $44,294 9.6%
7 Washington-Arlington-Alexandria, DC-VA-MD-WV $41,502 $43,797 5.5%
8 San Francisco-Oakland-Fremont, CA $41,193 $43,674 6.0percent
9 Atlanta-Sandy Springs-Marietta, GA $40,215 $43,290 7.6per cent
10 Charlottesville, VA $39,754 $42,476 6.8per cent
11 Montgomery, AL $39,533 $42,347 7.1%
12 Iowa City, IA $39,165 $41,727 6.5percent
13 Savannah, GA $36,582 $41,583 13.7%
14 Jackson, MS $38,670 $41,453 7.2per cent
15 Tuscaloosa, AL $39,014 $40,804 4.6percent
16 Columbia, SC $38,766 $40,778 5.2per cent
17 Tallahassee, FL $38,458 $40,504 5.3percent
18 Rochester, MN $39,227 $40,449 3.1percent
19 Santa Fe, NM $36,764 $40,447 10.0percent
20 Morgantown, WV $39,803 $40,430 1.6per cent
21 Columbia, MO $37,145 $40,146 8.1percent
22 Charleston-North Charleston, SC $37,329 $40,106 7.4%
23 Jackson, TN $37,216 $40,103 7.8per cent
24 Albany, GA $36,085 $39,935 10.7%
25 Boulder, CO $37,171 $39,842 7.2per cent
26 Brand brand New Orleans-Metairie-Kenner, LA $36,695 $39,825 8.5%
27 New York-Northern brand new Jersey-Long Island, NY-NJ-PA $37,763 $39,707 5.1%
28 Macon, GA $37,020 $39,631 7.1%
29 Baltimore-Towson, MD $37,421 $39,478 5.5%
30 Winston-Salem, NC $37,919 $39,234 3.5%
31 Ithaca, NY $36,372 $39,192 7.8per cent
32 Los Angeles-Long Beach-Santa Ana, CA $36,728 $39,181 6.7%
33 Bridgeport-Stamford-Norwalk, CT $37,014 $39,064 5.5percent
34 Miami-Fort Lauderdale-Pompano Beach, FL $35,868 $39,059 8.9%
35 Athens-Clark County, GA $37,072 $38,854 4.8per cent
36 Chicago-Naperville-Joliet, IL-IN-WI $36,540 $38,751 6.1per cent
37 Columbus, GA-AL $35,552 $38,740 9.0per cent
38 Greenville, NC $36,302 $38,694 6.6%
39 Memphis, TN-AR-MS $35,955 $38,469 7.0percent
40 Huntsville, AL $35,904 $38,215 6.4%
41 Birmingham-Hoover, AL $36,109 $38,120 5.6%
42 Lexington-Fayette, KY $35,080 $38,039 8.4%
43 Charlotte-Gastonia-Concord, NC-SC $35,724 $37,961 6.3%
44 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $35,538 $37,954 6.8per cent
45 San Diego-Carlsbad-San Marcos, CA $35,571 $37,943 6.7%
46 Hattiesburg, MS $35,546 $37,866 6.5%
47 Raleigh-Cary, NC $35,521 $37,854 6.6per cent
48 Auburn-Opelika, AL $37,369 $37,828 1.2percent
49 Portland-Vancouver-Beaverton, OR-WA $35,813 $37,818 5.6%
50 Trenton-Ewing, NJ $36,998 $37,719 1.9percent
51 Detroit-Warren-Livonia, MI $35,404 $37,700 6.5percent
52 Lansing-East Lansing, MI $35,615 $37,686 5.8per cent
53 Denver-Aurora, CO $35,505 $37,672 6.1%
54 Augusta-Richmond County, GA-SC $34,611 $37,636 8.7per cent
55 Boston-Cambridge-Quincy, MA-NH $36,015 $37,565 4.3percent
56 Richmond, VA $35,575 $37,550 5.6percent
57 Sacramento-Arden-Arcade-Roseville, CA $35,205 $37,422 6.3percent
58 San Luis Obispo-Paso Robles, CA $34,697 $37,381 7.7percent
59 Olympia, WA $35,148 $37,292 6.1per cent
60 Cleveland-Elyria-Mentor, OH $34,971 $37,224 6.4%
61 Medford, OR $36,877 $37,191 0.9percent
62 Tampa-St. Petersburg-Clearwater, FL $34,458 $37,173 7.9%
63 Sarasota-Bradenton-Venice, FL $33,720 $37,050 9.9%
64 Dover, DE $33,158 $36,948 11.4percent
65 Columbus, OH $34,874 $36,932 5.9%
66 Burlington-South Burlington, VT $34,101 $36,918 8.3percent
67 Eugene-Springfield, OR $34,259 $36,916 7.8per cent
68 Nashville-Davidson-Murfreesboro-Franklin, TN $34,750 $36,898 6.2%
69 Rome, GA $31,704 $36,887 16.3per cent
70 Johnson City, TN $35,292 $36,858 4.4%
71 Anniston-Oxford, AL $34,982 $36,784 5.2percent
72 Santa Rosa-Petaluma, CA $36,039 $36,771 2.0per cent
73 Valdosta, GA $35,704 $36,749 2.9percent
74 New Haven-Milford, CT $35,356 $36,696 3.8percent
75 Minimal Rock-North Minimal Rock-Conway, AR $34,193 $36,652 7.2per cent
76 Lawrence, KS $34,813 $36,585 5.1per cent
77 Greensboro-High Aim, NC $34,225 $36,567 6.8per cent
78 Sebastian-Vero Beach, FL $33,816 $36,522 8.0percent
79 Florence, SC $34,935 $36,516 4.5%
80 Akron, OH $34,850 $36,509 4.8percent
81 Monroe, LA $32,932 $36,493 10.8percent
82 Pocatello, ID $35,613 $36,396 2.2percent
83 San Jose-Sunnyvale-Santa Clara, CA $34,907 $36,343 4.1percent
84 Naples-Marco Island, FL $34,709 $36,334 4.7percent
85 Niles-Benton Harbor, MI $32,382 $36,328 12.2percent
86 St. George, UT $33,757 $36,296 7.5per cent
87 Orlando-Kissimmee, FL $33,233 $36,105 8.6%
88 Seattle-Tacoma-Bellevue, WA $33,672 $36,086 7.2%
89 Ocean City, NJ $33,766 $35,827 6.1percent
90 Sumter, SC $32,712 $35,812 9.5percent
91 Oxnard-Thousand Oaks-Ventura, CA $32,538 $35,727 9.8per cent
92 Warner Robins, GA $33,053 $35,712 8.0%
93 Hartford-West Hartford-East Hartford, CT $33,740 $35,626 5.6%
94 Indianapolis-Carmel, IN $33,663 $35,607 5.8per cent
95 Springfield, IL $32,873 $35,583 8.2per cent
96 Dothan, AL $31,438 $35,543 13.1%
97 Toledo, OH $34,032 $35,537 4.4percent
98 Mobile Phone, AL $33,530 $35,530 6.0per cent
99 Pittsburgh, PA $33,511 $35,482 5.9per cent
100 Poughkeepsie-Newburgh-Middletown, NY $33,399 $35,446 6.1per cent

Note: information is for Q1 of every year
Source: Experian

Education Loan Debt Delinquencies

With additional student education loans into the U.S. Than previously, the very good news is the fact that borrowers appear to be on course when coming up with their monthly obligations. Simply 4.76% of most learning figuratively speaking had been delinquent at the time of Q1 2019.

The total number of delinquent loans has shrunk by 6% in the past three years. For loans which were 30 to 59 times delinquent, delinquency rates reduced by 46per cent. For loans 60 to ninety days overdue, delinquency prices shrank by 47per cent. The delinquencies that are only didn’t show extreme signs and symptoms of changing had been loans 90 or even more times past due, which took place by simply 3%.

Just how to Handle Your Student Education Loans

Figuratively speaking are a form of installment loan, and any missed or belated re payments may have a severe affect your credit ratings. Payment history is the most essential part of your FICO ® Score *, and also one late or missed payment can cause your rating to drop.

When you yourself have figuratively speaking and are usually fighting payment, a few choices might be able to allow you to. In the event your loans had been granted by the government, maybe you are in a position to adjust your repayment predicated on everything you can afford, and you also might also have the ability to combine your financial troubles. Loans given by private banking institutions frequently have different choices, therefore consult with your loan provider to learn more.

Methodology: The analysis outcomes supplied are derived from A experian-created statistically relevant aggregate sampling of our credit rating database from Q1 2019, which could consist of utilization of the FICO ® Score 8 variation. Different sampling parameters may generate various findings weighed against other comparable analyses. Analyzed credit information failed to include identification information that is personal. « Metro areas » team counties and metropolitan areas into certain geographic areas for populace censuses and compilations of associated analytical information.