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Ohio is one of the top states in the country with the most student loan debt and has a high debt-to-income ratio. Ohio ranked as the No. 9 state for the most student loan debt in the country Skip ...
Whether the issue du jour is rising tuition prices, falling returns on our educational investment, or the ballooning student debt bubble, the message has generally been the same: College is only ...
Source: U.S. Department of Education Student loan debt by state. The three states with the lowest outstanding student debt per borrower are: North Dakota $29,312. Alaska $35,346
There is concern that the possible higher education bubble in the United States could have negative repercussions in the broader economy. Although college tuition payments are rising, the supply of college graduates in many fields of study is exceeding the demand for their skills, which aggravates graduate unemployment and underemployment while increasing the burden of student loan defaults on ...
Total US household debt by type over time. Student loan debt in red. In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [1]
The federal government also began funding fewer grant programs and more loan programs, leaving students with higher amounts of debt. In 2003, almost 70% of federal student aid awarded was student loans, which was a much higher percentage than just a decade prior. [16]
Roughly 1.8 million Ohioans have outstanding student loan debt, and nearly all are eligible for President Joe Biden's student debt relief plan.
(The Center Square) – Potential cuts in school funding would grow inequality in Ohio schools and reduce the state’s future economic output, a group of economists said. The survey of 16 ...