Print Friendly and PDF
The baby formula shortage: a monopoly market, the FDA recall, and efforts to fix the shortage
School chairs are being recalled by Amazon due to fall risk

Cities with the most and least student debt

Graduation Hat Stack of Money-g8c40cff3a_640College debts are one of the largest financial burdens for Americans. They make up the second highest type of household debt after mortgages, totaling a record $1.61 trillion. That’s about $37,000 per borrower.

High balances combined with a payoff timeline that lasts into middle age force many graduates to delay or give up other financial goals such as buying a home and saving for retirement. Paying back student loans has also become even more difficult due to the covid-19 pandemic, although the government allowed temporary halted payments on federal student loans through May 1, 2022.

While the country has a huge student-loan debt crisis, student-loan debts are more higher in some cities than others. To find out where borrowers are burdened the most, WalletHub, a personal-finance website, compared the median student-loan balance against the median earnings of adults aged 25 and older with a bachelor’s degree in more than 2,510 U.S. cities.

The top and bottom cities in its report, “Cities with the Most & Least Student Debt in 2022,” are shown below:

Cities with the highest student debt burden

Cities with the lowest student debt burden

Selma, Alabama


Vienna, Virginia


Ypsilanti, Michigan


Fremont, California


Avon Park, Florida


Menlo Park, California


Cordele, Georgia


Sammamish, Washington


Ridgeland, Mississippi


Milpitas, California


McComb, Mississippi


Gilroy, California


Orangeburg, South Carolina


Delano, California


Hattiesburg, Mississippi


Bronxville, New York


Ashland, Kentucky


Sunnyvale, California


Ithaca, New York


Coachella, California


Source: WalletHub

WalletHub also conducted a student money survey. It found:

  • 93 percent of students are concerned about the economy.
  • The No. 1 post-graduation fear among students is not finding a job, 36 percent, followed by student loan debt, 30 percent.
  • 20 percent of students think that a college education is less important due to the covid-19 pandemic.
  • 52 percent of students say their school isn’t doing enough to educate them about personal finance.
  • Having emergency savings, 44 percent, is the most important financial lesson students have learned from the pandemic, followed by not going into debt, 23 percent, and having a steady job, 22 percent.


Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)