Which California Cities Have the Most Student Loans? – Orange County Register

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Who Has The Most Student Loan Debt In California?

LendingTree, an online lender service, attempted to answer this question by studying the aggregate finances of its clients in 165 major California cities. Certainly, these are the customers of a business – and these people are loan buyers. Still, this is a snapshot of who borrows how much for educational purposes, city by city.

Here’s what my trusty spreadsheet found after looking at average student loan balances; how many people had these debts; and their share of total non-mortgage debt of borrowers.

Statewide, the typical student debt owed in the 165 cities was $ 7,624 – loans found in 24% of households in major California cities. This debt is equivalent to 25% of the overall non-mortgage debt of average Californians of $ 30,456, which also includes credit cards and personal loans.

Ranking of cities by loan balance …

No. 1: Redlands with $ 15,985 owned by 27% of its residents. This is 39% of the average of the $ 40,923 in non-mortgage debt owed.

No. 2: Berkeley at $ 15,046 for 23% of residents. That’s 47% of the $ 31,803 in debt.

No. 3: Walnut Creek at $ 14,594 for 23% of residents. That’s 38% of the $ 38,527 in debt.

Number 4: Rosemead at $ 13,831 for 20% of residents. That’s 46% of the $ 30,094 in debt.

No. 5: Richmond at $ 12,995 for 30% of residents. That’s 37% of the $ 34,812 in debt.

Number 6: Fountain Valley at $ 12,350 for 21% of residents. That’s 35% of the $ 34,907 in debt.

No. 7: Carmichael at $ 12,079 for 23% of residents. That’s 34% of the $ 35,166 in debt.

No. 8: West Sacramento at $ 11,736 for 23% of residents. That’s 32% of the $ 37,023 in debt.

N ° 9: Inglewood at $ 11,368 for 25% of residents. That’s 39% of the $ 29,133 in debt.

N ° 10: West Covina at $ 11,175 for 22% of residents. That’s 32% of the $ 35,264 in debt.

No. 11: Norwalk at $ 11,139 for 26% of residents. That’s 33% of the $ 34,128 in debt.

No. 12: Oakland at $ 10,964 for 23% of residents. That’s 36% of the $ 30,625 in debt.

No. 13: San Marcos at $ 10,829 for 26% of residents. That’s 32% of the $ 34,022 in debt.

No. 14: Glendora at $ 10,807 for 26% of residents. That’s 31% of the $ 35,328 in debt.

N ° 15: Rancho Cucamonga at $ 10,802 for 24% of residents. That’s 27% of the $ 40,052 in debt.

Compare these levels of student loan debt to cities with the lowest amounts …

The latest is Encinitas at $ 1,856 owned by 10% of the city’s residents. This equates to 9% of the city’s standard $ 21,836 debt.

Next is Cupertino at $ 2,285 for 11% of residents. That’s 11% of the $ 20,751 in debt.

Next is Delano with $ 3,476 held by 16% of residents. That’s 13% of $ 26,926 in debt.

And student debt in the three most populous cities in California …

Los Angeles: $ 10,478 – 26th highest – owed by 23% of city residents. This equates to 36% of the $ 29,350 in debt.

San Diego: $ 10,551 – 22nd highest – for 23% of residents. That’s 32% of the $ 33,188 in debt.

San José: $ 5,217 – 27th lowest – for 15% of residents. That’s 20% of the $ 26,467 in debt.

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