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Michigan among top 10 states with most student debt

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Posted at 9:59 AM, Aug 02, 2017
and last updated 2017-08-02 15:24:54-04

Michigan residents are in a lot of student debt, and we are some of the most in debut people in the country, according to a new study.

The study, published by WalletHub, found that Michigan ranks seventh in states with the most student debt.

WalletHub used data that included unemployment rate among population aged 25-34, shares of student loans in past-due or default status, average student debt and more.

Michigan ranked ninth for student loan indebtedness and 16th for grant and student work opportunities.

Ohio was the state that had the most student debt, according to WalletHub, followed by Mississippi, Pennsylvania, West Virginia and New Hampshire.