Alabama’s Ranking for Student Loan Debt

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Alabama ranks high with student loan debt.

Alabama’s Ranking for Student Loan Debt

report released by The Institute for College Access and Success places Alabama ninth out of the top ten “High Debt” states with the average student loan debt at $31,000.

Unfortunately, Alabama is also one of only five states where the average school debt exceeds family income.

In addition, a new survey by Student Loan Debt Crisis states that approximately 20% of student-loan borrowers cannot afford their next payment and 44% state it will be a challenge. Even worse, more than 65% of borrowers have less $1,000 in their bank account.

Alexander Hernandez, Esq.
Twitter @mcatty_alex

 

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Alexander Hernandez

Alexander Hernandez has been representing clients since 1999 in the areas of Chapter 7 Bankruptcy, Family Law, and Personal Injury. Call for your appointment at (904) 602-5418 or (305)-688-LAWS (5297). Weekend and after hours appointments available. *Office across Orange Park City Hall on Road 17.

Comments and opinions always welcomed

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