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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe States With The Heaviest Student Loan Debts And Highest Delinquency Rates [Maps]
http://www.businessinsider.com/student-loan-debt-maps-by-state-2013-4The St. Louis Fed has published two maps showing state averages for overall amount of student debt and delinquency rates on repaying it.
A high delinquency rate is bad news because it makes it harder for the student to get credit in the future, which leads to a higher likelihood of the student defaulting on other kinds of debt.
exboyfil
(17,857 posts)They both appear to be more financially accessible to middle class students than say Iowa which has virtually nothing for middle class students going to state schools. I know the Hope Scholarship has been watered down some, but it is still much more than B students attending public school in Iowa get.
Laelth
(32,017 posts)-Laelth
MadrasT
(7,237 posts)Highest debt tier but lowest delinquency tier
I wonder why
hughee99
(16,113 posts)Maybe PA schools are better at job placement?
LeftInTX
(24,557 posts)Probably more expensive, but better schools. Higher quality careers that allow them to repay their loans.
AnotherMcIntosh
(11,064 posts)That includes Joe Biden.
xchrom
(108,903 posts)Arugula Latte
(50,566 posts)In the 80s, I attended a public university for a fair and affordable price. Today, we are parents of teens. If this were 30 years ago, or 20 ago, and possibly even 10 years ago, there would have been no question of us sending our kids to a four-year college (not a fancy one, just a basic state school). We would have borrowed what we needed. Now, we realize it's just not worth it. We've been priced out of the traditional middle-class pathway to education. I'm predicting that community colleges are going to be ever-more jam-packed because it seems like many of our peers are coming to the same conclusions.
This country is slowly circling the drain, as its infrastructure crumbles, its healthcare system crumbles, its education system crumbles, and the military and its corporate leeches continue to suck up most of the resources.
reformist2
(9,841 posts)When you owe $50,000 in student loans, that's your problem. When 10 million students owe $50,000 each and they all decide to stop paying, that's the country's problem.