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Sunday, May 23, 2021
16 Hawaii Towns Ranked by Student Debt
By Selected News Articles @ 3:11 AM :: 2464 Views :: Hawaii Statistics, Higher Education

2021’s Cities with the Most & Least Student Debt

Wallet Hub, May 11, 2021

Post-college debts represent one of the biggest financial burdens to Americans. In fact, student loans make up the second highest form of household debt after mortgages, totaling a record $1.7 trillion.

But how burdensome are the individual loans? The average student-loan balance in 2020 was nearly $39,000. High balances combined with a payoff timeline that lasts into middle age force many graduates to significantly delay or forego other financial goals such as saving for retirement or buying a home. Paying back student loans has also become even more difficult during the COVID-19 pandemic, though the government has allowed temporary forbearance on federal student loans.

While we have a big student-loan debt crisis as a country, student-loan debts are more unsustainable in some places than others. To determine where borrowers are burdened the most, WalletHub compared the median student-loan balance against the median earnings of adults aged 25 and older with a bachelor’s degree in more than 2,510 U.S. cities….

read … Full Report

Percentile Rank* City Median Student Debt Median Earnings of Bachelor’s Degree Holders** Ratio of Student Debt to Median Earnings of Bachelor’s Degree Holders**
93 Hilo, HI $23,702 $43,917 53.97%
77 Ewa Beach, HI $20,066 $45,161 44.43%
73 Wailuku, HI $22,294 $51,798 43.04%
63 Kailua, HI $17,727 $44,068 40.23%
60 Kihei, HI $18,739 $47,664 39.31%
59 Honolulu, HI $19,603 $50,320 38.96%
58 Waipahu, HI $16,214 $41,701 38.88%
55 Lahaina, HI $17,820 $46,739 38.13%
55 Mililani Town, HI $20,774 $54,574 38.07%
54 Kaneohe, HI $21,630 $57,160 37.84%
53 Waianae, HI $14,556 $38,712 37.60%
26 Kahului, HI $14,194 $45,047 31.51%
19 Kapolei, HI $16,686 $55,917 29.84%
13 Wahiawa, HI $14,192 $50,573 28.06%
11 Pearl City, HI $15,140 $55,205 27.43%
10 Aiea, HI $16,123 $60,016 26.86%

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