Scorecard report: Iowa ranks poorly for college debt
New data released this week by the Corporation for Enterprise Development shows that Iowa students are struggling with some of the worst levels of debt in the country and among the highest rates of student loan defaults. CFED’s2015 Assets & Opportunity Scorecard ranked the state 42nd for average college graduate debt, 41st for the number of college graduates with debt and 47th for the default rate on student loans. The scorecard, which provides rankings for the 50 states and District of Columbia on both the ability of residents to achieve financial security and policies designed to help them get there, concluded that millions of Americans are being excluded from the economic recovery. Iowa ranks in the top 10 states in the nation with an outcome ranking of 9, yet closer to the middle of the country with an overall policy ranking of 20.