November 19, 2022
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November 11, 2022
In recent years, the Albany metro area has been named a top destination for millennials, earning top spots on several “best” lists, joining the Capital Region with cities like Charlotte, Denver, Pittsburgh and Saint -Louis. But with the claim of being a vibrant, affordable and commuter-friendly place to live, there are some fine print – that many college graduates live with enough student debt to make permanent residence in the capital look like to a chimera.
Heather Thompson, 25, of Saratoga Springs, owes about $89,000 in college debt, putting her well above the state average of $37,708 per borrower. Total student loan debt in New York today stands at $99.8 billion, according to a recent survey by the National Association of Realtors.