The cost of higher education these days isn’t cheap. Averaging close to $30,000 for a four year degree, most graduates will be paying on their loans until they near retirement. Each University has different tuition levels, some far more than others.
Here are the top five states carrying the highest student loan debt balances:
Delaware — average debt is $33,649, with 56 percent of students graduating with debt.
New Hampshire — average debt is $32,698, with 74 percent of students graduating with debt.
Pennsylvania — average debt is $31,675, with 70 percent of students graduating with debt.
Minnesota — average debt is $31,497, with 70 percent of students graduating with debt.
Rhode Island — average debt is $31,156, with 69 percent of students graduating with debt.
Student loan debt levels have risen dramatically since the recession began. While borrowing to attend college may not be avoidable, financial hardship at the hands of high loan repayments is. A student loan lawyer can help you find relief from high payments and interest rates, get you out of default, and may even secure loan forgiveness for you.