New Jersey Is 2023’s 10th State with the Most Student Debt – WalletHub Study

With the average student loan debt reaching over $37,000 per borrower, the personal-finance website WalletHub today released its report on 2023’s States with the Most and Least Student Debt, as well as expert commentary.

To determine the states that are friendliest toward student-loan debtors, WalletHub compared the 50 states and the District of Columbia across 12 key metrics. The data set ranges from average student debt to unemployment rate among the population aged 25 to 34 to share of students with past-due loan balances.

Student Debt in New Jersey (1=Most; 25=Avg.):

  • 6th – Avg. Student Debt
  • 8th – Proportion of Students with Debt
  • 23rd – Unemployment Rate of Population Aged 25 to 34
  • 10th – % of Student Loans Past Due or in Default
  • 12th – Availability of Student Jobs
  • 23rd – Availability of Paid Internships

For the full report, please visit:
https://wallethub.com/edu/best-and-worst-states-for-student-debt/7520

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