Debt rates on student loans vary from state to state.
Student debt is ‘out of control’ in Iowa
Published on October 7th, 2013 | by Ameena Rasheed
Obtaining a college education is far from being cheap these days and students are finding themselves in overwhelming amounts of debt in order to get a college degree.
Student loan debt can vary from state to state and tuition from a four-year institution can easily cost more than $10,000 per year.
Wall St. Cheat Sheet took a look at eight states with the highest amounts of debt in the country and Iowa made the list at number six:
Staying in the Midwest, we move on to Iowa, home of the Hawkeyes and the Cyclones. Getting closer to your Big 10 or Big 12 favorites for a few years is going to cost you: Graduates from the state who have borrowed come out with an average of $28,753 in debt. The percentage of students who are in debt has gone up, too, with 72% of those who attend college in the corn belt state turning to the bank for help pay for their tuition.