Good news for housing? Florida grads’ student debt among lowest in nation

Congratulations. Now start repaying those loans. (Greg Lovett/The Palm Beach Post)

Congratulations. Now start repaying those loans. (Greg Lovett/The Palm Beach Post)

First-time buyers are an endangered species in the post-crash housing market. But if and when millennials start buying, Florida might have one advantage: Its college grads owe relatively little student debt (aside from the occasional horror story).

For the class of 2015, the average Florida grad owed $23,379, one of the lowest debt loads in the nation. Utah, home of tuition-free BYU, had an average debt of just $18,873, according to a report by The Institute for College Access & Success. New Hampshire led the list with $36,101 in average debt.

Realtors have said soaring student debt is part of the reason that levels of first-time buyers have been at record lows in recent years. For more perspective on how Florida grads rank compared to their peers elsewhere, see this interactive graphic:

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