Borrowers Nationwide Seek Solutions for Student Loans

  • Maryland has the highest average student debt per borrower at $43,116
  • North Dakota has the lowest average student debt per borrower at $30,000
  • Washington, D.C. and Maryland often rank high in student debt due to high levels of residents with bachelor’s degrees
  • Borrowers in all states are looking for ways to manage their student loans
  • Nearly 5.5 million borrowers have enrolled in the SAVE repayment program

According to an analysis of government data, Maryland has the highest average student debt per borrower at $43,116, while North Dakota has the lowest at $30,000. This disparity is often seen in states with high levels of residents holding bachelor’s degrees, such as Washington, D.C. and Maryland. However, borrowers in all states are actively seeking ways to manage their student loans. The Biden administration’s repayment program, SAVE, has attracted nearly 5.5 million borrowers, offering options to pay off debt based on income and providing more protection for borrowers. Currently, about 2.9 million borrowers have $0 monthly payments.

Public Companies: Degree Choices ()
Private Companies:
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Factuality Level: 7
Justification: The article provides information based on an analysis of government data on average student debt in each state. It also mentions the rankings published by Degree Choices, a company that publishes college rankings and higher education information. The article includes information about the SAVE repayment program announced by the Biden administration. However, the article lacks specific sources for some of the information provided, and there is no mention of any potential limitations or criticisms of the data or analysis.

Noise Level: 4
Justification: The article provides some relevant information about the average student debt in each state and mentions the Biden administration’s repayment program. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It also includes filler content about text-to-speech technology and unrelated rankings.

Financial Relevance: No
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not pertain to financial topics and does not describe any extreme events.

Reported publicly: www.marketwatch.com