How Does Student Loan Debt Affect Coloradans? It Will Surprise You
Americans are constantly debating how our country should handle student loan debt. Currently, Americans owe $1.77 trillion in student loans.
A new study analyzed how each state is handling its student loan debt. Pennsylvania has the highest student loan stress, while our neighbors in Utah have the least amount of student debt.
Wallethub's study examined two key factors: student loan indebtedness and grant and student work opportunities.
Are Coloradans feeling the pressure?
Believe it or not, Coloradans handle their student loan debt exceptionally well. Out of the 50 states, Colorado had the 44th most student loan debt. This means Colorado is the sixth state with the least student loan debt.
Why Are Coloradans Managing Their Student Loans Better?
Attending one of Colorado's many colleges is fairly easy financially. College in Colorado is significantly cheaper than in most states. Additionally, colleges in Colorado offer larger grants and scholarships.
Five Cheapest Universities For A Bachelors Degree in Colorado
According to AffordableSchools.net, here are the five best universities to attend if you would like to avoid falling into student loan debt.
- #5 Colorado State University
- #4 Colorado State University-Pueblo
- #3 Fort Lewis College
- #2 Colorado Mountain College
- #1 United States Air Force Academy
Speaking of Student Loan Debt, Get Ready to Start Paying Again
If you have student loans, you will need to start paying in October. Since the pandemic, student loans have been put on pause. Additionally, interest will start accruing again in September.