The class of 2015 is the most indebted
to date, with student loan debt adding up to almost $68 billion total, including federal and private loans. The average graduate will have to pay back $35,000, according to data analysis by Edvisors
, and the student loan default rate hovers around 13 to 14 percent
. While politicians debate the best way to combat student loan debt, or mitigate its crippling effects, individual students must decide the best way to minimize their debt load. A recent WalletHub
report reminds us that where students live can be an important factor in determining how much money they owe – and how quickly they're able to pay it off.