Find out where Ohio ranks on best and worst list for student debt

(Photo by Chung Sung-Jun/Getty Images)

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(Photo by Chung Sung-Jun/Getty Images)

School is just around the corner and some eager freshman are about to make the plunge into college.

The state you live in could greatly affect the value of how much your degree is actually worth, the same degree that could put you in a mountain of debt.

According to the Federal Reserve Bank of New York, student loans are the biggest aspect of a household debt for Americans and this debt is growing.

WalletHub recently looked at all 50 states and the District of Columbia across nine key metrics: average student debt, unemployment rate for people aged 25 to 34, percentage of students with past-due loan balances, etc.

Here are the top five best states for student debt:

1. Utah

2. Wyoming

3. North Dakota

4. Nevada

5. Virginia

Here are the findings for Ohio in the 2016 best and worst places in the U.S. for student loans with one being the best and 25 being average:

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Incoming students fill a classroom at Clark State Community College’s Leffel Lane campus as they register for fall classes. Bill Lackey/Staff

Incoming students fill a classroom at Clark State Community College’s Leffel Lane campus as they register for fall classes. Bill Lackey/Staff

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Incoming students fill a classroom at Clark State Community College’s Leffel Lane campus as they register for fall classes. Bill Lackey/Staff

Incoming students fill a classroom at Clark State Community College’s Leffel Lane campus as they register for fall classes. Bill Lackey/Staff.

42/51 Ohio

Ohio landed toward the end of this list because almost every score the Buckeye State received regarding student debt were just average.

Student debt as a percent of income that was adjusted for the cost of living came in 21st, the best score Ohio was able to get.

Availability of paid internships and availability of grants were both 22nd on the list.

Availability of student loans came in just above average at 24.

A little under average was their rank at 33rd for percent of student loans past due or in default.

Proportions of students with debt is 37th followed by the average student debt which made 38th.

The worst rank that Ohio received was 41st on the list of percent of student-loan borrowers 50 years old or higher.

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