Tennessee ranks No. 7 in student debt - FOX13 News, WHBQ FOX 13

Tennessee ranks No. 7 in student debt

Posted: Updated:
MEMPHIS, Tenn. (FOX13) - -

College graduates in Tennessee are leaving school with some of the lowest student debt in the nation.

The state ranks 7th, with 53% of students graduating with debt, according to San Francisco-based personal finance website Nerdwallet.

Tennessee has an average student debt of just under $21,000, that's below the national average of $26,000.

Nerdwallet pointed to factors such as eligibility for the Hope scholarships and Vanderbilt University's grants and financial aid awards that are not tied to loans.

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