Granite State comes in 10th when ranking student debt delinquency by state: study

With the delinquency rate on student loans increasing in 29 states over the past quarter, the personal-finance website WalletHub today released its new report on the States Where Student Loan Delinquency is Increrasing the Most, to highlight where people have the greatest risk of credit score damage and other negative consequences. This report is based on proprietary WalletHub user data from Q1 2024 to Q2 2024.

New Hampshire Stats

• Overall Rank: 10^th
• Share of Student Loan Tradelines Delinquent in Q2 2024: 0.61%
• Change in the Share of Student Loan Tradelines Delinquent (Q2 2024 vs. Q1 2024): 7.93%

For the full report, please visit:
https://wallethub.com/edu/states-where-student-loan-delinquency-is-increasing-most/140720



"Being delinquent on student loans has the potential to ruin your finances and your credit score, but if you've only recently become delinquent you do have time to get back on track. Federal student loans don't get reported to the credit bureaus as delinquent until you're 90 days behind on payments, though private loans may report delinquency after as few as 30 days. If you're having trouble paying, it's important to contact your lender as soon as possible to try to work out a solution."
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"Student loan delinquency is increasing the most in Maine, as the state's residents were delinquent on 32.2% more student loans in Q2 2024 than Q1 2024. What's interesting is that Maine's delinquency doesn't seem to be the result of taking on excessive student loan debt. Maine only ranks 34th among the states where people have the most student loan debt. In addition, the average student loan payment in the state is just $182 per month, the 23rd-highest in the U.S. On the other hand, Maine ranks fourth among the states where consumer debt is increasing the most, so other types of borrowing are clearly making it harder to keep up with student loan payments."

- John Kiernan, WalletHub Editor