A new study is shedding light on the cost of student loan debt in the United States and it found the highest average student loan debt among millennials was on the East Coast, with nine of the top 10 most expensive student debts found in the region.
A new study is shedding light on the cost of student loan debt in the United States.GOBankingRates used the Education Data Initiative’s Student Debt by Generation 2023 to find each state’s total number of millennials with student debt and the total outstanding debt held by the generation. The company then used the data, collected earlier this month, to determine the average millennial student debt in every state.
And in Delaware, the average millennial student debt is $33,110.While $1.48 billion is no small tab and approximately 44,700 millennials share it in outstanding student loan debts for DE."It's no surprise that states such as New York, Massachusetts and Illinois have some of the highest student debt amounts," Andrew Murray, the lead data content researcher at GOBankingRates, told FOX Television Stations.
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