By Tom Wright May 14, 2021 Updated May 14, 2021 The latest report from the U.S. Census Bureau was revealing to New Mexico. We only grew 2.8 percent… Read More
Albuquerque has the 10th lowest student debt in the country, according to a LendingTree report. Washington, D.C was first among metros with high median student loan balances, where nearly 10 percent of loan holders owe more than $100,000. The cost of a four-year education has increased by five times in the last 20 years, and student-debt is a $1.5 trillion industry, a huge leap compared to $600 billion a decade ago, says LendingTree. The median balance of student debt in Albuquerque is $15,549. The average number of student loans held by a single person is 3.5. Nearly 19 percent of people in Albuquerque owe more than $50,000 and roughly 6 percent of people owe more than $100,000 in student-loan debt.