Pupil Loan Debt by Metro Region

Pupil Loan Debt by Metro Region

Unsurprisingly, most of the U.S. Metro areas with a high quantities of education loan financial obligation are house to at least one or maybe more universities. In 2019, the Durham, new york, metro area had the best normal education loan 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 normal education loan financial obligation.

Average Student Loan Debt by Metro region
Rank Metro region 2018 2019 percent Change
1 Durham, NC $43,614 $47,955 10.0per cent
2 Corvalis, OR $42,976 $46,164 7.4%
3 Ann Arbor, MI $43,182 $45,668 5.8per cent
4 Santa Cruz-Watsonville, CA $43,599 $45,396 4.1per cent
5 Gainesville, FL $40,221 $44,508 10.7percent
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 5.5percent
8 San Francisco-Oakland-Fremont, CA $41,193 $43,674 6.0percent
9 Atlanta-Sandy Springs-Marietta, GA $40,215 $43,290 7.6%
10 Charlottesville, VA $39,754 $42,476 6.8percent
11 Montgomery, AL $39,533 $42,347 7.1per cent
12 Iowa City, IA $39,165 $41,727 6.5percent
13 Savannah, GA $36,582 $41,583 13.7per cent
14 Jackson, MS $38,670 $41,453 7.2percent
15 Tuscaloosa, AL $39,014 $40,804 4.6per cent
16 Columbia, SC $38,766 $40,778 5.2%
17 Tallahassee, FL $38,458 $40,504 5.3percent
18 Rochester, MN $39,227 $40,449 3.1%
19 Santa Fe, NM $36,764 $40,447 10.0percent
20 Morgantown, WV $39,803 $40,430 1.6percent
21 Columbia, MO $37,145 $40,146 8.1percent
22 Charleston-North Charleston, SC $37,329 $40,106 7.4per cent
23 Jackson, TN $37,216 $40,103 7.8%
24 Albany, GA $36,085 $39,935 10.7percent
25 Boulder, CO $37,171 $39,842 7.2per cent
26 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 5.5percent
30 Winston-Salem, NC $37,919 $39,234 3.5percent
31 Ithaca, NY $36,372 $39,192 7.8%
32 Los Angeles-Long Beach-Santa Ana, CA $36,728 $39,181 6.7%
33 Bridgeport-Stamford-Norwalk, CT $37,014 $39,064 5.5per cent
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 7.0per cent
40 Huntsville, AL $35,904 $38,215 6.4percent
41 Birmingham-Hoover, AL $36,109 $38,120 5.6per cent
42 Lexington-Fayette, KY $35,080 $38,039 8.4%
43 Charlotte-Gastonia-Concord, NC-SC $35,724 $37,961 6.3per cent
44 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $35,538 $37,954 6.8percent
45 San Diego-Carlsbad-San Marcos, CA $35,571 $37,943 6.7%
46 Hattiesburg, MS $35,546 $37,866 6.5percent
47 Raleigh-Cary, NC $35,521 $37,854 6.6per cent
48 Auburn-Opelika, AL $37,369 $37,828 1.2%
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 6.5per cent
52 Lansing-East Lansing, MI $35,615 $37,686 5.8per cent
53 Denver-Aurora, CO $35,505 $37,672 6.1per cent
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 5.6per cent
57 Sacramento-Arden-Arcade-Roseville, CA $35,205 $37,422 6.3%
58 San Luis Obispo-Paso Robles, CA $34,697 $37,381 7.7percent
59 Olympia, WA $35,148 $37,292 6.1percent
60 Cleveland-Elyria-Mentor, OH $34,971 $37,224 6.4percent
61 Medford, OR $36,877 $37,191 0.9%
62 Tampa-St. Petersburg-Clearwater, FL $34,458 $37,173 7.9per cent
63 Sarasota-Bradenton-Venice, FL $33,720 $37,050 9.9%
64 Dover, DE $33,158 $36,948 11.4per cent
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 6.2per cent
69 Rome, GA $31,704 $36,887 16.3%
70 Johnson City, TN $35,292 $36,858 4.4per cent
71 Anniston-Oxford, AL $34,982 $36,784 5.2percent
72 Santa Rosa-Petaluma, CA $36,039 $36,771 2.0%
73 Valdosta, GA $35,704 $36,749 2.9per cent
74 Brand brand brand New Haven-Milford, CT $35,356 $36,696 3.8percent
75 Little Rock-North minimal Rock-Conway, AR $34,193 $36,652 7.2%
76 Lawrence, KS $34,813 $36,585 5.1%
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 4.5percent
80 Akron, OH $34,850 $36,509 4.8%
81 Monroe, LA $32,932 $36,493 10.8percent
82 Pocatello, ID $35,613 $36,396 2.2per cent
83 San Jose-Sunnyvale-Santa Clara, CA $34,907 $36,343 4.1percent
84 Naples-Marco Island, FL $34,709 $36,334 4.7per cent
85 Niles-Benton Harbor, MI $32,382 $36,328 12.2%
86 St. George, UT $33,757 $36,296 7.5%
87 Orlando-Kissimmee, FL $33,233 $36,105 8.6per cent
88 Seattle-Tacoma-Bellevue, WA $33,672 $36,086 7.2per cent
89 Ocean City, NJ $33,766 $35,827 6.1%
90 Sumter, SC $32,712 $35,812 9.5percent
91 Oxnard-Thousand Oaks-Ventura, CA $32,538 $35,727 9.8%
92 Warner Robins, GA $33,053 $35,712 8.0per cent
93 Hartford-West Hartford-East Hartford, CT $33,740 $35,626 5.6%
94 Indianapolis-Carmel, IN $33,663 $35,607 5.8percent
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 4.4%
98 Cellphone, AL $33,530 $35,530 6.0percent
99 Pittsburgh, PA $33,511 $35,482 5.9%
100 Poughkeepsie-Newburgh-Middletown, NY $33,399 $35,446 6.1percent

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

Education Loan Debt Delinquencies

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

In past times 3 years, the sum total wide range of delinquent loans has shrunk by 6%. For loans which were 30 to 59 days overdue, delinquency rates reduced by 46per cent. For loans 60 to 3 months delinquent, delinquency prices shrank by 47per cent. The only delinquencies that failed to show drastic indications of changing were loans 90 or even more times overdue, which took place by simply 3%.

How exactly to Handle Your Student Education Loans

Figuratively speaking are a kind of installment loan, and any missed or belated re re payments might have a severe effect on your fico scores. Re Payment history is the most essential facet https://speedyloan.net/installment-loans-id of your FICO ® Score *, and also one late or payment that is missed cause your rating to drop.

For those who have student education loans and therefore are fighting payment, a few choices might be able to assist you to. If the loans had been given because of the government that is federal you may well be in a position to adjust your payment according to everything you can pay for, and you also may additionally have the ability to combine the debt. Loans given by personal banks usually have different choices, therefore consult your loan provider to learn more.

Methodology: The analysis outcomes supplied are derived from a statistically that is experian-created aggregate sampling of our credit rating database from Q1 2019, that might add utilization of the FICO ® Score 8 variation. Various sampling parameters may produce various findings compared to other analyses that are similar. Analyzed credit information didn’t include individual identification information. “Metro areas” team counties and metropolitan areas into particular geographical areas for populace censuses and compilations of associated analytical information.

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