Over the past year, student loan payments have come due with a vengeance (or at least with interest), as students have no longer been able to benefit from the multi-year payment moratorium started during the COVID-19 pandemic. Many people have struggled to keep up, and being delinquent on student loans has damaged their credit scores and led to other negative consequences like the garnishment of their wages.
To determine where student loan delinquency is increasing the most, and thus where people have the greatest risk of credit score damage and other financial difficulties, WalletHub analyzed proprietary user data from Q1 2024 to Q2 2024.
Main Findings
| State | Rank |
|---|---|
| Maine | 1 |
| Louisiana | 2 |
| Michigan | 3 |
| Rhode Island | 4 |
| North Carolina | 5 |
| North Dakota | 6 |
| Delaware | 7 |
| Georgia | 8 |
| Nebraska | 9 |
| New Hampshire | 10 |
| New Jersey | 11 |
| California | 12 |
| Illinois | 13 |
| Mississippi | 14 |
| Massachusetts | 15 |
| Hawaii | 16 |
| Kansas | 17 |
| Florida | 18 |
| Tennessee | 19 |
| Wisconsin | 20 |
| Indiana | 21 |
| Alabama | 22 |
| Arizona | 23 |
| Pennsylvania | 24 |
| Arkansas | 25 |
| South Dakota | 26 |
| Ohio | 27 |
| Maryland | 28 |
| Oregon | 29 |
| Texas | 30 |
| Kentucky | 31 |
| Virginia | 32 |
| New York | 33 |
| Oklahoma | 34 |
| Connecticut | 35 |
| Utah | 36 |
| South Carolina | 37 |
| Nevada | 38 |
| Minnesota | 39 |
| Colorado | 40 |
| Iowa | 41 |
| Montana | 42 |
| Missouri | 43 |
| West Virginia | 44 |
| Alaska | 45 |
| Washington | 46 |
| New Mexico | 47 |
| Wyoming | 48 |
| Idaho | 49 |
| Vermont | 50 |
| Overall Rank* | State | Share of Delinquent Student Loans in Q2 2024 | Change in Share of Delinquent Student Loans (Q2 2024 vs. Q1 2024) |
|---|---|---|---|
| 1 | Maine | 1.60% | 32.15% |
| 2 | Louisiana | 1.57% | 17.31% |
| 3 | Michigan | 0.88% | 17.06% |
| 4 | Rhode Island | 0.22% | 15.73% |
| 5 | North Carolina | 0.89% | 15.52% |
| 6 | North Dakota | 3.11% | 15.17% |
| 7 | Delaware | 1.64% | 14.50% |
| 8 | Georgia | 1.28% | 10.18% |
| 9 | Nebraska | 1.03% | 8.65% |
| 10 | New Hampshire | 0.61% | 7.93% |
| 11 | New Jersey | 1.10% | 6.66% |
| 12 | California | 1.05% | 6.52% |
| 13 | Illinois | 0.92% | 6.50% |
| 14 | Mississippi | 1.30% | 6.40% |
| 15 | Massachusetts | 1.14% | 5.43% |
| 16 | Hawaii | 0.62% | 5.42% |
| 17 | Kansas | 1.05% | 5.37% |
| 18 | Florida | 1.13% | 4.17% |
| 19 | Tennessee | 1.22% | 3.92% |
| 20 | Wisconsin | 0.93% | 3.66% |
| 21 | Indiana | 1.10% | 2.80% |
| 22 | Alabama | 1.13% | 2.64% |
| 23 | Arizona | 0.77% | 2.56% |
| 24 | Pennsylvania | 1.33% | 2.52% |
| 25 | Arkansas | 1.35% | 2.15% |
| 26 | South Dakota | 2.64% | 0.91% |
| 27 | Ohio | 1.05% | 0.86% |
| 28 | Maryland | 1.22% | 0.67% |
| 29 | Oregon | 0.89% | 0.52% |
| 30 | Texas | 1.17% | -0.04% |
| 31 | Kentucky | 0.89% | -1.14% |
| 32 | Virginia | 0.87% | -1.40% |
| 33 | New York | 1.02% | -1.99% |
| 34 | Oklahoma | 1.18% | -2.33% |
| 35 | Connecticut | 1.38% | -2.46% |
| 36 | Utah | 1.20% | -2.94% |
| 37 | South Carolina | 1.53% | -3.03% |
| 38 | Nevada | 1.20% | -3.80% |
| 39 | Minnesota | 1.12% | -4.08% |
| 40 | Colorado | 0.87% | -5.04% |
| 41 | Iowa | 0.66% | -5.62% |
| 42 | Montana | 1.06% | -7.50% |
| 43 | Missouri | 1.11% | -9.23% |
| 44 | West Virginia | 1.16% | -9.93% |
| 45 | Alaska | 1.22% | -12.99% |
| 46 | Washington | 0.83% | -13.93% |
| 47 | New Mexico | 0.78% | -16.39% |
| 48 | Wyoming | 2.35% | -18.58% |
| 49 | Idaho | 0.58% | -22.34% |
| 50 | Vermont | 1.04% | -30.03% |
Note: *No. 1 = Largest Increase
