Almost one million Minnesotans have student loan debt. Have you ever wondered how borrowing for college affects Minnesota? Now, Higher Ed Not Debt has the answer. They’ve partnered with other organizations to create student loan debt heat maps for the entire country, highlighting three measurements for student loan borrowers:
- Delinquency rate
- Average balance
- Median income
Here’s the Minnesota map for delinquency rates:
These maps go down to a zip code level, so you can see how your area of the state ranks on the three measures mentioned above.
One thing is clear: we must do something about the growing student loan debt crisis.