(The Center Square) - The college student loan balance in the United States is $1.66 trillion, according to a WalletHub report.
To determine the best and worst states with student debt, the WalletHub's report compared all 50 states and the District of Columbia. WalletHub also graded on a 100-point scale focusing on metrics such as the state's cost of living, unemployment rates and paid internship opportunities for students.
The state with the most student debt is Mississippi.
The average amount of student loans owed, according to the report, equals 56% of the median income in the state. Mississippi residents hold a total of $17 billion in student loan debt.
Additionally, Mississippi has the 14th-highest default rate of debt, meaning people are having trouble paying the