10 best states for student loan debt

Published
  • September 06 2016, 11:31am EDT
More and more employers are looking at college debt repayment as a driver to find new and fresh talent. Earlier this week, we shared with you the top states whose residents have some of the worst college debt; now we share the best.

10 best states for student loan debt

In order to identify the best and worst states for student-loan debtors, WalletHub, a personal finance site, compared the 50 states and the District of Columbia on nine key metrics, including “average student debt,” “unemployment rate for people aged 25 to 34” and “percentage of students with past-due loan balances” to average a state population's overall score.

In addition, student loan indebtedness was calculated using five of those metrics, including “student debt as a percentage of income” as well as the “percentage of student loans in past-due or default status.”

WalletHub has IDd the following state’s citizens best at handling student debt.

Number 10: New Mexico

Overall score: 63.11
Student loan indebtedness rank: 8

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Number 9: Hawaii

Overall score: 63.94
Student loan indebtedness rank: 10

Number 8: Colorado

Overall score: 64.40
Student loan indebtedness rank: 15

Number 7: Alaska

Overall score: 65.78
Student loan indebtedness rank: 6

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Number 6: Washington

Overall score: 67.47
Student loan indebtedness rank: 5

Number 5: Virginia

Overall score: 68.62
Student loan indebtedness rank: 7

Number 4: Nevada

Overall score: 69.54
Student loan indebtedness rank: 4

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Number 3: North Dakota

Overall score: 70.14
Student loan indebtedness rank: 3

Number 2: Wyoming

Overall score: 79.33
Student loan indebtedness rank: 2

Number 1: Utah

Overall score: 84.18
Student loan indebtedness rank: 1

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Top 10 worst states with student debt

Where does your state stand? In case you missed it, here are the 10 worst states with student debt.

For a complete rundown of the report, view WalletHub’s study.