Via Freedom to Prosper, an organization in favor of educational finance reform, today’s chart shows the student loan burden in America by Congressional district.
The interactive version allows you to drill down by state and district, and give details on the number of student loan holders, voter turnout in the last two federal election cycles and current Congressperson. The debt burden number adjusts each state and district’s overall rate of claiming the student loan interest deduction by the median household income, racial composition, and rate of reporting income from the earned income tax credit. The result is an estimate of not only how broadly student debt affects the population of a given geographic region, but how much of a burden that debt is likely to represent for those who hold it.
Much like the cost of childcare, student loan debt can be a significant factor in being able to afford housing, either via purchase or rental. Per the data analysis methodology used by Freedom to Prosper, the Minneapolis-St. Paul metro areas have high student debt burdens – as do many other major metro areas.
The data used is available for download, if you’re into that kind of thing.
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