Here’s where people have the most student loan debt

Money

Written by:

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

Data shows that 45 million Americans carry $1.64 trillion in federal and private student loan debt. That’s the second-biggest debt burden in the country, following mortgages. And yet, these loans aren’t distributed equally, and where you live can factor into your repayment.

Borrowers include not just college graduates, but also people who didn’t complete their educations, graduate students, certain vocational trainees and the parents of undergraduates. Unlike most other forms of debt, student loan debt cannot usually be discharged through bankruptcy, although some can be forgiven through various programs.

These student loan burdens can vary greatly across the nation — and not always for the obvious reasons. For example, someone who dropped out of college after two years with debt or who lives in a community with lower earnings may have a much harder time paying that off than someone who completed their degree with double the debt.

There are also situations where the state tax burden might make repayment easier, or where there are programs to help with your student loans. Sometimes moving to a new location can help you retire your debt a little earlier — check out this guide for more details.

As for which areas of the country have the toughest time, our analysts crunched the numbers from over 300,000 anonymized My LendingTree user credit reports of student loan debtors in America’s 100 largest metros.

They used this information to determine the median student loan burden, as well as the median monthly payments of those who have active monthly bills. The reports are from February 2020, immediately prior to the destabilization of the coronavirus crisis and passage of the CARES act and includes both federal and private loans.

Have a look at this table below to see where your home lands on the debt rankings, and also review our post of similar figures computed as averages and more relevant to the federal loans that are the subject of the CARES Act.

100. Worcester, Massachusetts-Connecticut

  • Median student loan balance February 2020: $22,362

99. Winston-Salem, North Carolina

  • Median student loan balance February 2020: $21,922

98. Wichita, Kansas

  • Median student loan balance February 2020: $22,027

97. Washington-Arlington-Alexandria, Washington, D.C.-Virginia-Maryland-West Virginia

  • Median student loan balance February 2020: $28,045

96. Virginia Beach-Norfolk-Newport News, Virginia-North Carolina

  • Median student loan balance February 2020: $24,185

95. Urban Honolulu

  • Median student loan balance February 2020: $21,419

94. Tulsa, Oklahoma

  • Median student loan balance February 2020: $19,725

93. Tucson, Arizona

  • Median student loan balance February 2020: $19,880

92. Toledo, Ohio

  • Median student loan balance February 2020: $25,946

91. Tampa-St. Petersburg-Clearwater, Florida

  • Median student loan balance February 2020: $22,601

90. Syracuse, New York

  • Median student loan balance February 2020: $22,630

89. Stockton-Lodi, California

  • Median student loan balance February 2020: $17,005

88. St. Louis

  • Median student loan balance February 2020: $23,985

87. Springfield, Massachusetts

  • Median student loan balance February 2020: $17,789

86. Spokane-Spokane Valley, Washington

  • Median student loan balance February 2020: $19,758

85. Seattle-Tacoma-Bellevue, Washington

  • Median student loan balance February 2020: $20,979

84. Scranton–Wilkes-Barre–Hazleton, Pennsylvania

  • Median student loan balance February 2020: $20,911

83. San Jose-Sunnyvale-Santa Clara, California

  • Median student loan balance February 2020: $17,817

82. San Francisco-Oakland-Hayward, California

  • Median student loan balance February 2020: $21,372

81. San Diego-Carlsbad, California

  • Median student loan balance February 2020: $21,180

80. San Antonio-New Braunfels, Texas

  • Median student loan balance February 2020: $21,801

79. Salt Lake City

  • Median student loan balance February 2020: $18,060

78. Sacramento–Roseville–Arden-Arcade, California

  • Median student loan balance February 2020: $20,569

77. Rochester, New York

  • Median student loan balance February 2020: $22,223

76. Riverside-San Bernardino-Ontario, California

  • Median student loan balance February 2020: $20,445

75. Richmond, Virginia

  • Median student loan balance February 2020: $27,379

74. Raleigh, North Carolina

  • Median student loan balance February 2020: $26,714

73. Provo-Orem, Utah

  • Median student loan balance February 2020: $18,212

72. Providence-Warwick, Rhode Island, Massachusetts

  • Median student loan balance February 2020: $19,333

71. Portland-Vancouver-Hillsboro, Oregon, Washington

  • Median student loan balance February 2020: $23,990

70. Pittsburgh

  • Median student loan balance February 2020: $25,097

69. Phoenix-Mesa-Scottsdale, Arizona

  • Median student loan balance February 2020: $22,231

68. Philadelphia-Camden-Wilmington, Pennsylvania-New Jersey-Delaware-Maryland

  • Median student loan balance February 2020: $24,357

67. Palm Bay-Melbourne-Titusville, Florida

  • Median student loan balance February 2020: $20,819

66. Oxnard-Thousand Oaks-Ventura, California

  • Median student loan balance February 2020: $19,703

65. Orlando-Kissimmee-Sanford, Florida

  • Median student loan balance February 2020: $24,134

64. Omaha-Council Bluffs, Nebraska-Iowa

  • Median student loan balance February 2020: $22,213

63. Oklahoma City

  • Median student loan balance February 2020: $22,198

62. Ogden-Clearfield, Utah

  • Median student loan balance February 2020: $17,592

61. North Port-Sarasota-Bradenton, Florida

  • Median student loan balance February 2020: $19,000

60. New York-Newark-Jersey City, New York-New Jersey-Pennsylvania

  • Median student loan balance February 2020: $24,050

59. New Orleans-Metairie, Louisiana

  • Median student loan balance February 2020: $24,326

58. New Haven-Milford, Connecticut

  • Median student loan balance February 2020: $21,651

57. Nashville-Davidson–Murfreesboro–Franklin, Tennessee

  • Median student loan balance February 2020: $25,084

56. Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin

  • Median student loan balance February 2020: $23,937

55. Milwaukee-Waukesha-West Allis, Wisconsin

  • Median student loan balance February 2020: $23,040

54. Miami-Fort Lauderdale-West Palm Beach, Florida

  • Median student loan balance February 2020: $22,904

53. Memphis, Tennessee-Mississippi-Arizona

  • Median student loan balance February 2020: $24,898

52. McAllen-Edinburg-Mission, Texas

  • Median student loan balance February 2020: $15,091

51. Madison, Wisconsin

  • Median student loan balance February 2020: $22,388

50. Louisville/Jefferson County, Kentucky-Indiana

  • Median student loan balance February 2020: $24,412

49. Los Angeles-Long Beach-Anaheim, California

  • Median student loan balance February 2020: $21,266

48. Little Rock-North Little Rock-Conway, Arizona

  • Median student loan balance February 2020: $24,205

47. Las Vegas-Henderson-Paradise, Nevada

  • Median student loan balance February 2020: $21,713

46. Lakeland-Winter Haven, Florida

  • Median student loan balance February 2020: $21,675

45. Knoxville, Tennessee

  • Median student loan balance February 2020: $21,899

44. Kansas City, Missouri-Kansas

  • Median student loan balance February 2020: $23,447

43. Jacksonville, Florida

  • Median student loan balance February 2020: $23,305

42. Jackson, Mississippi

  • Median student loan balance February 2020: $26,128

41. Indianapolis-Carmel-Anderson, Indiana

  • Median student loan balance February 2020: $24,648

40. Houston-The Woodlands-Sugar Land, Texas

  • Median student loan balance February 2020: $22,676

39. Hartford-West Hartford-East Hartford, Connecticut

  • Median student loan balance February 2020: $21,542

38. Harrisburg-Carlisle, Pennsylvania

  • Median student loan balance February 2020: $23,562

37. Greenville-Anderson-Mauldin, South Carolina

  • Median student loan balance February 2020: $21,899

36. Greensboro-High Point, North Carolina

  • Median student loan balance February 2020: $24,910

35. Grand Rapids-Wyoming, Michigan

  • Median student loan balance February 2020: $23,880

34. Fresno, California

  • Median student loan balance February 2020: $15,791

33. El Paso, Texas

  • Median student loan balance February 2020: $19,837

32. Durham-Chapel Hill, North Carolina

  • Median student loan balance February 2020: $23,316

31. Detroit-Warren-Dearborn, Michigan

  • Median student loan balance February 2020: $24,190

30. Des Moines-West Des Moines, Iowa

  • Median student loan balance February 2020: $21,598

29. Denver-Aurora-Lakewood, Colorado

  • Median student loan balance February 2020: $24,793

28. Deltona-Daytona Beach-Ormond Beach, Florida

  • Median student loan balance February 2020: $20,694

27. Dayton, Ohio

  • Median student loan balance February 2020: $24,330

26. Dallas-Fort Worth-Arlington, Texas

  • Median student loan balance February 2020: $22,389

25. Columbus, Ohio

  • Median student loan balance February 2020: $25,719

24. Columbia, South Carolina

  • Median student loan balance February 2020: $26,543

23. Colorado Springs, Colorado

  • Median student loan balance February 2020: $19,921

22. Cleveland-Elyria, Ohio

  • Median student loan balance February 2020: $25,313

21. Cincinnati, Ohio-Kentucky-Indiana

  • Median student loan balance February 2020: $24,140

20. Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin

  • Median student loan balance February 2020: $24,381

19. Chattanooga, Tennessee-Georgia

  • Median student loan balance February 2020: $18,158

18. Charlotte-Concord-Gastonia, North Carolina- South Carolina

  • Median student loan balance February 2020: $25,080

17. Charleston-North Charleston, South Carolina

  • Median student loan balance February 2020: $26,127

16. Cape Coral-Fort Myers, Florida

  • Median student loan balance February 2020: $18,594

15. Buffalo-Cheektowaga-Niagara Falls, New York

  • Median student loan balance February 2020: $22,133

14. Bridgeport-Stamford-Norwalk, Connecticut

  • Median student loan balance February 2020: $26,625

13. Boston-Cambridge-Newton, Massachusetts – New Hampshire

  • Median student loan balance February 2020: $23,674

12. Boise City, Idaho

  • Median student loan balance February 2020: $21,106

11. Birmingham-Hoover, Alabama

  • Median student loan balance February 2020: $24,502

10. Baton Rouge, Louisiana

  • Median student loan balance February 2020: $23,313

9. Baltimore-Columbia-Towson, Maryland

  • Median student loan balance February 2020: $24,541

8. Bakersfield, California

  • Median student loan balance February 2020: $17,856

7. Austin-Round Rock, Texas

  • Median student loan balance February 2020: $22,597

6. Augusta-Richmond County, Georgia-South Carolina

  • Median student loan balance February 2020: $27,522

5. Atlanta-Sandy Springs-Roswell, Georgia

  • Median student loan balance February 2020: $27,745

4. Allentown-Bethlehem-Easton, Pennsylvania-New Jersey

  • Median student loan balance February 2020: $21,956

3. Albuquerque, New Mexico

  • Median student loan balance February 2020: $21,532

2. Albany-Schenectady-Troy, New York

  • Median student loan balance February 2020: $22,921

1. Akron, Ohio

  • Median student loan balance February 2020: $26,665

This article originally appeared on StudentLoanHero.com and was syndicated by MediaFeed.org.

Image Credit: iStock/f11photo.

AlertMe

Leave a Reply

Your email address will not be published.