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Kansans among those most interested in canceling student loans

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TOPEKA, Kan. (WIBW) – A recent report found that Kansans have been among the most interested in student loan forgiveness since the start of the COVID-19 pandemic.

With the typical new grad leaving school with approximately $31,100 in student loan debt and President Joe Biden’s administration reportedly considered pardoning $10,000 in student loans for eligible borrowers, My eLearning World announces that it has released its new report: Here are the states where people are most interested in student loan forgiveness.

My eLearning World noted that the current pause on federal student loan payments enacted during the COVID-19 pandemic is expected to end in August, making it more likely that a formal decision will be issued later this summer.

E-learning experts said analysts have partnered with Mindnet Analytics — a data science consulting firm — to compare interest in student loan forgiveness in all 50 states and Washington, D.C. He said the report combines research trends with publicly available demographics .

The report found that research interest in student loan forgiveness has increased significantly in recent years – starting in mid-2020 and peaking in late 2021.

Research trends in student loan forgiveness interest over the past few years.(My eLearning World)

The report also revealed that Kansans were among those who took more interest in student loan forgiveness after the onset of the COVID-19 pandemic. However, he also noted that some states saw a bigger increase than others.

A map showing residents of states that have become more interested in canceling student loans...
A map showing which state residents have become more interested in forgiving student loans during the COVID-19 pandemic.(My eLearning World)

While the researchers said they expected states with a higher cost of living to see a greater increase in interest in student loan forgiveness, they said they did not. found no association between the two measures.

A chart showing which states have a higher cost of living than others and residents' interest in...
A chart showing which states have higher costs of living than others and residents’ interest in forgiving student loans.(My eLearning World)

When My eLearning World calculated the student loan forgiveness interest, it indicated that it had subtracted the pre-COVID interest from the post-COVID interest. The report found Kansas was the 12th most interested in student loan forgiveness with a 46.8 increase in interest during the pandemic.

The only border state that seemed more interested in canceling student loans was Nebraska, which came in 11th with a 50.4 increase in interest during the pandemic.

Border states less interested in student loan forgiveness include Missouri, which came in at 26th with a 39.5 increase in interest, Colorado, which came in at 35th with a 34.6 increase in interest, and Oklahoma, which came in 46th with a 30-point increase in interest. interest.

The report found that the states most interested in canceling student loans include:

  1. South Dakota
  2. Montana
  3. Pennsylvania
  4. Illinois
  5. Ohio

The report found that the states least interested in canceling student loans include:

  1. Mississippi
  2. Alabama
  3. Maryland
  4. Arkansas
  5. Tennessee

For more information or to see where other states land, click HERE.

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