The cost for a college education is pretty steep, and many graduates often have to pay back tons after snagging their diploma. Unfortunately, some locations owe more than others, because Georgia is among the states with the most student debt, according to WalletHub.
The personal finance site determined its results by analyzing the 50 states and Washington D.C. using 10 key measures that were filtered into two major categories: indebtedness and earning opportunities.
Ohio took first place, overall, and Mississippi took second. Georgia followed closely behind at No. 12, overall, and it was No. 12 for student-loan indebtedness and No. 34 for grant and student work opportunities.
It also was No. 3 for the highest student debt as percentage of income.
“I fear for students,” Ron Day, director of student financial aid at Kennesaw State University, said in the study. “The debt totals are alarming and as aid administrators, we should be given the ability to limit borrowing and to counseling appropriately and adequately.”
There were a few Southern states, however, with lower debts that Georgia. Texas was No. 36, Louisiana was 38 and Florida was No. 39.
Want to know how other areas fared? Take a look at the map of findings below.
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