Student loan debt in Hawaii doubles in 10 years
Student loan debt in Hawaii has doubled since 2008, but is increasing at a slower rate than the national average, according to a report from Experian Consumer Service.
Student loan debt across Hawaii rose to $4.1 billion, an increase of 107 percent from $2 billion in 2008.
Across the country, student loan debt across the country rose by 129 percent since 2008, reaching $1.36 trillion as of the third quarter of 2018.
People with student loans in the United States owe about $22,600 on average. Just 5.7 percent of student loans were delinquent.
Student loan debt in this country is exceeded only by mortgage debt, which totalled 9.4 trillion, according to Experian, a consumer and business credit reporting service.
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