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Tuesday, May 10, 2022
Who has the most Student Debt? -- 16 Hawaii Towns Ranked
By Selected News Articles @ 5:40 PM :: 1612 Views :: Hawaii Statistics, Higher Education

2022’s Cities with the Most & Least Student Debt

Wallet Hub, May 10, 2022

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 $1.61 trillion. That works out to about $37,000 per borrower.

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 due to the COVID-19 pandemic, though the government allowed temporary forbearance on federal student loans through May 1, 2022.

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**
5 Waianae, HI $20,711 $35,625 58.14%
17 Hilo, HI $21,200 $44,061 48.12%
18 Kahului, HI $20,766 $43,540 47.69%
22 Lahaina, HI $22,201 $47,738 46.50%
26 Kailua, HI $19,661 $43,829 44.86%
27 Kihei, HI $22,000 $49,562 44.39%
31 Honolulu, HI $22,033 $51,233 43.01%
37 Waipahu, HI $16,909 $40,794 41.45%
44 Ewa Beach, HI $18,493 $46,563 39.72%
63 Aiea, HI $21,589 $61,433 35.14%
72 Kapolei, HI $20,103 $61,047 32.93%
75 Pearl City, HI $17,837 $55,195 32.32%
78 Wailuku, HI $18,071 $57,273 31.55%
78 Kaneohe, HI $19,040 $60,346 31.55%
80 Mililani Town, HI $16,863 $54,355 31.02%
99 Wahiawa, HI $11,965 $57,675 20.75%

 

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