Map: How MN compares to other states in student debt, defaults

At least we’re paying it off. (The Wall Street Journal)

The Wall Street Journal has put out a map based on data from the New York Fed. It pretty much mirrors what we’ve been hearing from the Minnesota Office of Higher Education: Minnesota students have a higher rate of debt, but have lower default rates.

Read the Journal story here. 

  • reggie

    Could you unpack this? What’s the breakdown in debt level and default rates between for-profit, private non-profit, and public institutions? From what I’ve been reading, it looks like the majority of the problems (total debt load, degree completion rates, and defaults) are in the for-profit sector. If the data supports that, is it because a public education is (relatively) less costly, because students attending private non-profits tend to be from more financially stable families, a combination of these two, or some other factors?