Pupil Loan Debt by Metro Region

Pupil Loan Debt by Metro Region

Unsurprisingly, most of the U.S. Metro areas with a high levels of education loan financial obligation are house to at least one or even 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 10.0%
2 Corvalis, OR $42,976 $46,164 7.4percent
3 Ann Arbor, MI $43,182 $45,668 5.8%
4 Santa Cruz-Watsonville, CA $43,599 $45,396 4.1percent
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 6.0per cent
9 Atlanta-Sandy Springs-Marietta, GA $40,215 $43,290 7.6percent
10 Charlottesville, VA $39,754 $42,476 6.8%
11 Montgomery, AL $39,533 $42,347 7.1percent
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 7.2per cent
15 Tuscaloosa, AL $39,014 $40,804 4.6percent
16 Columbia, SC $38,766 $40,778 5.2percent
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 8.1per cent
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 10.7%
25 Boulder, CO $37,171 $39,842 7.2per cent
26 brand New Orleans-Metairie-Kenner, LA $36,695 $39,825 8.5%
27 brand brand 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 5.5per cent
30 Winston-Salem, NC $37,919 $39,234 3.5per cent
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 5.5per cent
34 Lauderdale-Pompano that is miami-Fort Beach FL $35,868 $39,059 8.9percent
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 9.0percent
38 Greenville, NC $36,302 $38,694 6.6percent
39 Memphis, TN-AR-MS $35,955 $38,469 7.0%
40 Huntsville, AL $35,904 $38,215 6.4per cent
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 6.3per cent
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 6.5percent
47 Raleigh-Cary, NC $35,521 $37,854 6.6%
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 6.5%
52 Lansing-East Lansing, MI $35,615 $37,686 5.8%
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 4.3per cent
56 Richmond, VA $35,575 $37,550 5.6per cent
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 6.1percent
60 Cleveland-Elyria-Mentor, OH $34,971 $37,224 6.4per cent
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 11.4%
65 Columbus, OH $34,874 $36,932 5.9percent
66 Burlington-South Burlington, VT $34,101 $36,918 8.3%
67 Eugene-Springfield, OR $34,259 $36,916 7.8percent
68 Nashville-Davidson-Murfreesboro-Franklin, TN $34,750 $36,898 6.2percent
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 5.2per cent
72 Santa Rosa-Petaluma, CA $36,039 $36,771 2.0per cent
73 Valdosta, GA $35,704 $36,749 2.9%
74 brand brand New Haven-Milford, CT $35,356 $36,696 3.8percent
75 Minimal Rock-North Minimal Rock-Conway, AR $34,193 $36,652 7.2%
76 Lawrence, KS $34,813 $36,585 5.1percent
77 Greensboro-High aim, NC $34,225 $36,567 6.8%
78 Sebastian-Vero Beach, FL $33,816 $36,522 8.0per cent
79 Florence, SC $34,935 $36,516 4.5per cent
80 Akron, OH $34,850 $36,509 4.8%
81 Monroe, LA $32,932 $36,493 10.8%
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 12.2percent
86 St. George, UT $33,757 $36,296 7.5per cent
87 Orlando-Kissimmee, FL $33,233 $36,105 8.6percent
88 Seattle-Tacoma-Bellevue, WA $33,672 $36,086 7.2per cent
89 Ocean City, NJ $33,766 $35,827 6.1per cent
90 Sumter, SC $32,712 $35,812 9.5percent
91 Oxnard-Thousand Oaks-Ventura, CA $32,538 $35,727 9.8percent
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 5.8percent
95 Springfield, IL $32,873 $35,583 8.2percent
96 Dothan, AL $31,438 $35,543 13.1per cent
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 5.9%
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 borrowers be seemingly on the right course when coming up with their monthly premiums. Simply 4.76% of all of the 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 that have been 30 to 59 times overdue, delinquency rates reduced by 46per cent. For loans 60 to ninety days delinquent, 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 overdue, which took place by simply 3%.

Simple tips to Handle Your Student Education Loans

Student education loans are a kind of installment loan, and any missed or late payments may have a severe effect on your credit ratings. Re re re Payment history is the most essential element of your FICO ® Score *, and also one late or payment that is missed cause imp source your rating to drop.

When you have student education loans as they are fighting payment, a few choices might be able to assist you to. If for example the loans had been released because of the authorities, you are in a position to adjust your payment predicated on what you could pay for, and you also may also have the ability to combine your financial troubles. Loans given by personal banking institutions frequently have different choices, therefore consult with your loan provider to find out more.

Methodology: The analysis outcomes supplied are derived from a statistically that is experian-created aggregate sampling of our credit database from Q1 2019, that may consist of utilization of the FICO ® Score 8 variation. Various sampling parameters may create various findings weighed against other comparable analyses. Analyzed credit data would not include identification information that is personal. “Metro areas” team counties and metropolitan areas into specific geographical areas for populace censuses and compilations of relevant data that are statistical.