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Wisconsin Leads Nation in Student Loan Repayment Success
21 Sep
Summary
- Wisconsin ranks 29th nationally for student debt burden.
- The state boasts the lowest percentage of student loans in default.
- Neighboring Midwestern states face greater student debt strain.
Student debt continues to be a significant financial challenge in the United States, with outstanding federal loan balances exceeding $1.72 trillion nationwide. The average borrower carries over $40,000 in debt, second only to mortgages in household debt.
In a recent national analysis, Wisconsin emerged as a leader in managing student loan burdens, ranking 29th overall among all states. This position is significantly more favorable than many of its Midwestern counterparts, several of which landed in the top half of the list due to higher debt burdens.
A key factor contributing to Wisconsin's strong performance is its nationwide #1 ranking for the lowest percentage of student loan balances in default or past due. Despite this success in repayment, the state ranked 19th for overall grant and student work opportunities and 31st for total student loan indebtedness.
