5. Toledo, Ohio: 22.8%
| An unusually high unemployment rate of 5.7% compared with the national average of 3.9% may be a factor.
4. Memphis, Tennessee: 23.2% | A lower than average state college graduation rate of 50.4% (over six years or less compared to a national average of 60%) is likely a contributing factor
3. Daytona Beach, Florida: 23.3% | Only 5.7% of the city’s 18- to 24-year-olds have a bachelor’s degree, which is about half the national figure of 10.5% for that age group.
2. Winter Haven, Florida: 23.4% | Only 12.3% of the area’s residents age 25 and older have at least a four-year college degree, well below the national average of 19.7%.
1. Jackson, Mississippi: 25.6% | The capital city of the state with the lowest median income in the country and the highest poverty rate also has a low college graduation rate: 51.7% of students graduate within six years.


5. Oxnard, California: 15.9%
| This city is among the wealthiest areas in the U.S with a median household income of $80,135, and 11.4% of households earning $200,000 or more. Almost 22% of residents 25 and older have a bachelor’s degree, and about 12% have a graduate degree or higher.
4. Harrisburg, Pennsylvania: 15.3% | A relatively low cost of living in this state capital coupled with a high state college graduation rate likely contributes to its low student loan delinquency rate.
3. Madison, Wisconsin: 14.4% | Home to the leading campus of the state’s university system, with more than 44,000 students, Madison has also has population with relatively high level of education. Just over 27% of residents 25 and older have a bachelor’s degree.
2. San Jose, California: 14.1% | This Silicon Valley metro area is also among list of wealthiest urban areas in the U.S., with a median household income of $110,040 and 22.8% of households earning $200,000 or more.
1. Provo, Utah: 12.8% | Although Utah’s graduation rate is relatively low at 46.7%, the educational achievement of its residents is well above the national average: 28.5% of residents 25 and older have a bachelor’s degree vs. 19.1% nationally.


(Related: 10 Best Jobs of the Future)

Student loans are not only the second largest component of household debt, after mortgages, but also the component with the highest rate of delinquencies.

The distribution of those delinquencies varies widely, as a new report from Student Loan Hero shows. The organization, which advises student loan borrowers on managing their debt, studied a sample of credit reports from more than 435,000 anonymous student borrowers living in 100 of the country’s largest metro areas. The researchers calculated the percentage of borrowers who were at least 90 days late in making their payments as well as the percentage whose loans had gone into collection or were written off by the lender.

What they found was an average delinquency rate of 18.8%, which is quite high considering that the delinquent rate on consumer loans of the top 100 banks was just 2.3% in the third quarter, according to the Federal Reserve Bank of St. Louis.

With the exception of Toledo, Ohio, the top 10 metro areas with the highest delinquency rates based in the South. Four are in Florida, two each in Tennessee and Louisiana.

The top 10 metro areas with the lowest delinquency rates were located in the West and Northeast, and ranged from Seattle to Boston. Two are in California.

The delinquency rates appear closely related to income levels and educational achievement within their home states.

Check out the above slide show for the five metro areas with the highest delinquency rates for student loans and the five areas with the lowest delinquency rates, according to Student Loan Hero.

— Related on ThinkAdvisor: