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Best and worst states for paying off student loans

By Isabel Thakur
Published in Financial Planning
March 30, 2023
1 min read
Best and worst states for paying off student loans

Hey! Have you heard about the “Best and worst states for paying off student loans” article? I found it fascinating, especially since I’ve been struggling to repay my own student debt.

Basically, the article ranked each state based on how easy or difficult it is to pay off student loans. They used factors like the average student debt amount, the average income, and the job market.

The top three states were Utah, Wyoming, and North Dakota. These states have a low cost of living and high average income, making it easier for borrowers to pay off their debt quicker. The worst states were New York, Pennsylvania, and California. These states have high student debt amounts and expensive living costs, making it harder to pay off loans.

I actually found the article to be accurate, as I’m currently living in California and the cost of living can be overwhelming. However, I’m still determined to pay off my loans and become debt-free.

Overall, it’s important to be aware of the varying factors that can affect your ability to pay off student loans, and to make informed decisions regarding your education and career goals. It’s definitely a topic worth talking about, especially for those of us still feeling the weight of our student debt.


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