Ohio Among the Most Burdened States for Student Loan Debt, Study Finds
Columbus, Ohio – A new report from WalletHub reveals that Ohio ranks among the top 10 states most burdened by student debt. The study analyzed data from all 50 states and Washington, D.C., comparing factors such as average student debt, percentage of students with loans, unemployment rates among young adults, and availability of student jobs.
According to the September report, Ohio placed 10th on the list of the worst states for student debt. On average, student loan balances in the Buckeye State equal about 42% of the median household income. The eighth-highest rate in the country. The state also recorded one of the highest shares of borrowers aged 50 and older, ranking fifth nationwide.
Mississippi topped the list as the most debt-burdened state, with residents owing student loans that represent 56% of their median income. Other highly affected states included New Hampshire, Pennsylvania, Delaware, South Dakota, South Carolina, Kentucky, West Virginia, New Jersey, and Ohio.
Meanwhile, Hawaii emerged as the best state for managing student debt, with a low percentage of borrowers and minimal debt relative to income. It was followed by Utah, California, New Mexico, Washington, Oregon, Colorado, Washington, D.C., Nevada, and Alaska.
WalletHub’s full report, which used data from government agencies, nonprofit organizations, and private firms such as Indeed, highlights the growing financial strain student loans place on millions of Americans — especially those in states like Ohio, where education costs and repayment burdens continue to climb.
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