How Washington State Ranks In Student Debt Relief

When you ask people what they would do if they won the lottery or came across a huge sum of money, the first thing they may say is, 'pay off my student debt.'

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It's something that has gotten worse and worse over the year. The idea is you go to college, they pay for it up front and you pay them back with that degree or awesome job you get by going to college. But that debt racks up over time, especially with those interest charges.

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Financial website Wallet Hub ranked every state in the nation on where it stands for student debt and, as it turns out, people in Washington have less debt than most.
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I know it may not feel that way to some, but when Washington State is sure feeling the effect less than others.

Source: WalletHub

Over all, Washington State ranks in 5th place.

Washington State also does very well in other specific categories.

Washington State is ranked 16th for availability for student jobs.
Washington State is ranked 26th for percentage of student loans past due or in default.
Washington State is ranked 42nd for proportion of students with debt.
Washington State is ranked 46th for average student debt.
Washington State is ranked 47th for student debt as a percentage of income when adjusted for cost of living.

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First place goes to Hawaii followed by Utah, California, then New Mexico before getting to Washington for states with least student debt.
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The worst state for student debt belongs to Mississippi followed by New Hampshire, Pennsylvania, Delaware, and South Dakota.

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