Tuesday, May 14, 2013

Student debt load in Colorado

As you might expect, a household's student debt load will impact the availability of funds for rent or mortgage payments. It can also impact credit scores.

The NY Fed recently broke down student debt load info by state.

Perhaps due to the fact that Colorado has a rather high proportion of college-educated residents, and is attractive to recent students from other states, Colorado is well above average for its share of consumers with student debt:

However, when it comes to average student debt per borrower, Colorado is below average:

When it comes to the percent of student loans that are 90-days delinquent, Colorado is about average: 

Here is the report.