Actions

Making It in San Diego: San Diego 40-year-olds have some of the highest student debt in the country

Gallery: Standing out from other rental applicants

Contributed: Publicdomainpictures.net

<strong>What's your budget?</strong></p><p>Know what your budget is before hunting for a rental. Calculate all your monthly expenses out and even give yourself a little wiggle room by saving some money beyond what you'll need every month.

By: Zac Self

Posted at 1:30 PM, Jan 22, 2019

and last updated 2019-01-22 17:03:15-05

SAN DIEGO (KGTV) -- San Diego takes one of the top spots in the U.S. for cities where 40-year-olds owe the most money on student loans, according to a new report.

The report, released by studentloanhero.com shows how much debt 40-year-old residents in the 25 largest metropolitan areas still owe on college loans.

According to the report, San Diego takes the 25^th spot.

The average balance of 40-year-old San Diegans is $43,483 with an average monthly payment of $174.

“Overall, it seems that 40-year-old borrowers in major cities have more debt than their rural or suburban counterparts,” the report says.

The site also offers some tips on repayment, such as paying more than the minimum monthly payment and refinancing.

Click here for the full report.