Pupil Loan Debt by Metro Region

Unsurprisingly, most of the U.S. Metro areas with a high levels of education loan financial obligation are house to at least one or even more universities. In 2019, the Durham, new york, metro area had the best student that is average financial obligation of $47,955. Corvallis, Oregon, arrived in 2nd with $46,164, while Ann Arbor, Michigan, trailed closely behind with $45,668. Santa Cruz-Watsonville, California, rated 4th with $45,396, and Gainesville, Florida, rounded out of the top five with $44,508 in average education loan financial obligation.

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Average Student Loan Debt by Metro region
Rank Metro region 2018 2019 per cent Change
1 Durham, NC $43,614 $47,955 10.0percent
2 Corvalis, OR $42,976 $46,164 7.4per cent
3 Ann Arbor, MI $43,182 $45,668 5.8per cent
4 Santa Cruz-Watsonville, CA $43,599 $45,396 4.1%
5 Gainesville, FL $40,221 $44,508 10.7per cent
6 Santa Barbara-Santa Maria-Goleta, CA $40,424 $44,294 9.6%
7 Washington-Arlington-Alexandria, DC-VA-MD-WV $41,502 $43,797 5.5per cent
8 San Francisco-Oakland-Fremont, CA $41,193 $43,674 6.0per cent
9 Atlanta-Sandy Springs-Marietta, GA $40,215 $43,290 7.6%
10 Charlottesville, VA $39,754 $42,476 6.8per cent
11 Montgomery, AL $39,533 $42,347 7.1percent
12 Iowa City, IA $39,165 $41,727 6.5%
13 Savannah, GA $36,582 $41,583 13.7per cent
14 Jackson, MS $38,670 $41,453 7.2%
15 Tuscaloosa, AL $39,014 $40,804 4.6%
16 Columbia, SC $38,766 $40,778 5.2per cent
17 Tallahassee, FL $38,458 $40,504 5.3%
18 Rochester, MN $39,227 $40,449 3.1%
19 Santa Fe, NM $36,764 $40,447 10.0per cent
20 Morgantown, WV $39,803 $40,430 1.6%
21 Columbia, MO $37,145 $40,146 8.1per cent
22 Charleston-North Charleston, SC $37,329 $40,106 7.4%
23 Jackson, TN $37,216 $40,103 7.8percent
24 Albany, GA $36,085 $39,935 10.7per cent
25 Boulder, CO $37,171 $39,842 7.2per cent
26 Brand brand New Orleans-Metairie-Kenner, LA $36,695 $39,825 8.5%
27 brand brand New New that is york-Northern Jersey-Long, NY-NJ-PA $37,763 $39,707 5.1per cent
28 Macon, GA $37,020 $39,631 7.1%
29 Baltimore-Towson, MD $37,421 $39,478 5.5%
30 Winston-Salem, NC $37,919 $39,234 3.5%
31 Ithaca, NY $36,372 $39,192 7.8percent
32 Los Angeles-Long Beach-Santa Ana, CA $36,728 $39,181 6.7%
33 Bridgeport-Stamford-Norwalk, CT $37,014 $39,064 5.5%
34 Lauderdale-Pompano that is miami-Fort Beach FL $35,868 $39,059 8.9percent
35 Athens-Clark County, GA $37,072 $38,854 4.8per cent
36 Chicago-Naperville-Joliet, IL-IN-WI $36,540 $38,751 6.1percent
37 Columbus, GA-AL $35,552 $38,740 9.0per cent
38 Greenville, NC $36,302 $38,694 6.6percent
39 Memphis, TN-AR-MS $35,955 $38,469 7.0per cent
40 Huntsville, AL $35,904 $38,215 6.4%
41 Birmingham-Hoover, AL $36,109 $38,120 5.6%
42 Lexington-Fayette, KY $35,080 $38,039 8.4%
43 Charlotte-Gastonia-Concord, NC-SC $35,724 $37,961 6.3percent
44 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $35,538 $37,954 6.8per cent
45 San Diego-Carlsbad-San Marcos, CA $35,571 $37,943 6.7%
46 Hattiesburg, MS $35,546 $37,866 6.5percent
47 Raleigh-Cary, NC $35,521 $37,854 6.6percent
48 Auburn-Opelika, AL $37,369 $37,828 1.2percent
49 Portland-Vancouver-Beaverton, OR-WA $35,813 $37,818 5.6%
50 Trenton-Ewing, NJ $36,998 $37,719 1.9per cent
51 Detroit-Warren-Livonia, MI $35,404 $37,700 6.5percent
52 Lansing-East Lansing, MI $35,615 $37,686 5.8percent
53 Denver-Aurora, CO $35,505 $37,672 6.1%
54 Augusta-Richmond County, GA-SC $34,611 $37,636 8.7%
55 Boston-Cambridge-Quincy, MA-NH $36,015 $37,565 4.3%
56 Richmond, VA $35,575 $37,550 5.6per cent
57 Sacramento-Arden-Arcade-Roseville, CA $35,205 $37,422 6.3per cent
58 San Luis Obispo-Paso Robles, CA $34,697 $37,381 7.7per cent
59 Olympia, WA $35,148 $37,292 6.1percent
60 Cleveland-Elyria-Mentor, OH $34,971 $37,224 6.4%
61 Medford, OR $36,877 $37,191 0.9percent
62 Tampa-St. Petersburg-Clearwater, FL $34,458 $37,173 7.9percent
63 Sarasota-Bradenton-Venice, FL $33,720 $37,050 9.9%
64 Dover, DE $33,158 $36,948 11.4%
65 Columbus, OH $34,874 $36,932 5.9per cent
66 Burlington-South Burlington, VT $34,101 $36,918 8.3per cent
67 Eugene-Springfield, OR $34,259 $36,916 7.8percent
68 Nashville-Davidson-Murfreesboro-Franklin, TN $34,750 $36,898 6.2per cent
69 Rome, GA $31,704 $36,887 16.3%
70 Johnson City, TN $35,292 $36,858 4.4per cent
71 Anniston-Oxford, AL $34,982 $36,784 5.2%
72 Santa Rosa-Petaluma, CA $36,039 $36,771 2.0per cent
73 Valdosta, GA $35,704 $36,749 2.9per cent
74 Brand brand New Haven-Milford, CT $35,356 $36,696 3.8%
75 Little Rock-North Little Rock-Conway, AR $34,193 $36,652 7.2%
76 Lawrence, KS $34,813 $36,585 5.1per cent
77 Greensboro-High Aim, NC $34,225 $36,567 6.8percent
78 Sebastian-Vero Beach, FL $33,816 $36,522 8.0%
79 Florence, SC $34,935 $36,516 4.5%
80 Akron, OH $34,850 $36,509 4.8%
81 Monroe, LA $32,932 $36,493 10.8%
82 Pocatello, ID $35,613 $36,396 2.2per cent
83 San Jose-Sunnyvale-Santa Clara, CA $34,907 $36,343 4.1percent
84 Naples-Marco Island, FL $34,709 $36,334 4.7per cent
85 Niles-Benton Harbor, MI $32,382 $36,328 12.2percent
86 St. George, UT $33,757 $36,296 7.5per cent
87 Orlando-Kissimmee, FL $33,233 $36,105 8.6percent
88 Seattle-Tacoma-Bellevue, WA $33,672 $36,086 7.2per cent
89 Ocean City, NJ $33,766 $35,827 6.1per cent
90 Sumter, SC $32,712 $35,812 9.5per cent
91 Oxnard-Thousand Oaks-Ventura, CA $32,538 $35,727 9.8per cent
92 Warner Robins, GA $33,053 $35,712 8.0per cent
93 Hartford-West Hartford-East Hartford, CT $33,740 $35,626 5.6percent
94 Indianapolis-Carmel, IN $33,663 $35,607 5.8%
95 Springfield, IL $32,873 $35,583 8.2percent
96 Dothan, AL $31,438 $35,543 13.1%
97 Toledo, OH $34,032 $35,537 4.4per cent
98 Mobile Phone, AL $33,530 $35,530 6.0percent
99 Pittsburgh, PA $33,511 $35,482 5.9per cent
100 Poughkeepsie-Newburgh-Middletown, NY $33,399 $35,446 6.1per cent

Note: information is for Q1 of each and every year
Source: Experian

Education Loan Debt Delinquencies

With an increase of student education loans into the U.S. Than in the past, the great news is the fact that borrowers appear to be on course when creating their monthly premiums. Simply 4.76% of most student education loans had been delinquent at the time of Q1 2019.

The total number of delinquent loans has shrunk by 6% in the past three years. For loans which were 30 to 59 days overdue, delinquency rates reduced by 46per cent. For loans 60 to ninety days delinquent, delinquency prices shrank by 47%. The only delinquencies that failed to show extreme signs and symptoms of changing had been loans 90 or higher times overdue, which took place by simply 3%.

How exactly to Handle Your Student Education Loans

Student education loans are a form of installment loan, and any missed or belated payments may have an impact that is serious your credit ratings. Re re Payment history is the most essential facet of your FICO ® Score *, and also one late or missed payment can cause your score to drop.

When you have figuratively speaking as they are fighting payment, a few choices might be able to allow you to. Should your loans had been released by the government that is federal maybe you are in a position to adjust your payment predicated on what you could pay for, and you also may also have the ability to consolidate the debt. Loans given by personal banking institutions usually have different alternatives, so consult with your lender to find out more.

Methodology: The analysis outcomes supplied are derived from a statistically that is experian-created aggregate sampling of y our credit rating database from Q1 2019, which might consist of utilization of the FICO ® Score 8 variation. Different sampling parameters may create various findings weighed against other comparable analyses. Analyzed credit information would not include individual recognition information. “Metro areas” team counties and urban centers into certain geographical areas for populace censuses and compilations of relevant analytical data.